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Exactly, they get a percentage of the sale price as a commission. 1% of a $300,000 house is $3,000. 1% of a $325,000 house is $3,250. The realtor has $250 to
by hapless 16y ago
Exactly, they get a percentage of the sale price as a commission.
1% of a $300,000 house is $3,000.
1% of a $325,000 house is $3,250.
The realtor has $250 to gain from holding your house price as high as possible, increasing the amount of work he has to do. He has $3,000 on the line to sell it at the lower price, with less work.
The rational behaviour is to sell as fast as possible, and damn the price.