In this episode we discuss when agents allow clients to set unreasonable prices it leads to price breaks in the future. Sometimes when a market surges we see people overshoot the current pricing trends. When taking on a listing that may be over priced it is best to talk with the client and schedule a price break in the listing agreement. For instance saying “In 30 days if we do not have an offer our new price will be $x”. Failure to take corrective action or large enough price breaks can lead to worse. Falling behind and chasing the market will lead to a lower sale price and more days wasted time.
How Long Does it Take to Get a Real Estate License - EP217 - Real Facts on Real Estate
Getting a Real Estate License Pros & Cons - EP216 - Real Facts on Real Estate
Becoming a Content Creator - EP215 - Real Facts on Real Estate
Presenting an offer to a seller - EP214 - Real Facts on Real Estate
Generating an Endless Stream of Leads - EP213 - Real Facts on Real Estate
Should I Get My Real Estate License - EP212 - Real Facts on Real Estate
Should I Start a Podcast - EP211 - Real Facts on Real Estate
Interactions Lead to Transactions - EP210 - Real Facts on Real Estate
Writing a Contract to Purchase - EP209 - Real Facts on Real Estate
2023 Tech Advice for Agents - EP208 - Real Facts on Real Estate
Will Bidding Wars Return for 2023? - EP207 - Real Facts on Real Estate
First Three Things to do as a New Real Estate Agent - EP206 - Real Facts on Real Estate
Difficult Client Conversations - EP205 - Real Facts on Real Estate
Must Have Technology of 2023 - EP204 - Real Facts on Real Estate
Why New Year’s Resolutions Fail - EP203 - Real Facts on Real Estate
Relationship Based Business - EP202 - Real Facts on Real Estate
Working With Town Hall - EP201 - Real Facts on Real Estate
Consistency is Key in Success - EP200 - Real Facts on Real Estate
Building Your Database - EP199 - Real Facts on Real Estate
Holiday Networking - EP198 - Real Facts on Real Estate
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