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> I just got an update from my realtor that, compared to 2021, houses are now getting 5-10 offers instead of 10-20. Well, Realtors are incentivized to portray
by hartator 4y ago
> I just got an update from my realtor that, compared to 2021, houses are now getting 5-10 offers instead of 10-20.
Well, Realtors are incentivized to portray the market hotter than it actually is.
- rednerrus 4y agoI've been to the open houses and I've been watching Redfin and seen the houses come open on Thursday and pending on Monday.
- vbtemp 4y agoThey are portraying the market exactly as it is. Reality is speaking for itself, not the realtors.
- hartator 4y agoOP was talking about realtors. Realtors commission is based on final price, why not portraying the market hotter?
- AnimalMuppet 4y agoBecause if you make the seller think the market is hotter than it is, then they price the house too high, and the house doesn't sell. That results in $0 commission. I could see them telling buyers that the market is hotter than it is. But even that might backfire, if they make qualified buyers think that they can't afford to buy in the current market.
- SilasX 4y agoOkay, then presumably you can just appeal to the real basis for that claim, rather than the unreliable realtor source?