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> you can find the cheaper houses before they go pending Which tells you the value of realtors: They don't wait around to get the highest bid (a commission in
by jpdoctor 14y ago
> you can find the cheaper houses before they go pending
Which tells you the value of realtors: They don't wait around to get the highest bid (a commission in the hand is worth two in the bush.)
- cabinguy 14y agoA commission in the hand is worth two in the bush...but a purchase agreement submitted by a potential buyer can have a time limit attached to it. If the seller wants to wait around, they may lose out of the initial offer, which is (most) often the best offer.
- jpdoctor 14y ago> which is (most) often the best offer. I assume there is deep research on this factoid from the non-realtor community, because then the right thing to do is use the MLS API to be first and submit a lowball offer with a one-day fuse. But I gotta tell you: It sounds like the standard realtor spiel, and it works on people with little experience in buying/selling things with large asset values (like companies or houses).
- Domenic_S 14y agoRealtors get around this by giving you an offer review date: "we're looking at offers this Monday". It induces all the offers to come out of the woodwork and encourages bidding wars.
- msellout 14y agoempirically false.