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by jessaustin 2654 days ago
...after for some months of additional work...

I'm as suspicious of realtors as anybody, but this scenario here includes a real asshole as a seller. If she doesn't want to sell her house, she shouldn't waste everybody's time by putting it on the market. This sort of "just testing the market" shenanigan raises costs for everyone.

2 comments

Statistically, per freaknomics, a realtor selling their own home lists their house 10 days longer so they can get a better offer.

https://www.bankrate.com/finance/real-estate/real-estate-age...

Levitt and Dubner found that, on average, self-listed homes stay on the market an extra 10 days, prompting the authors to hypothesize that agents might be a little more aggressive about their own homes because a 3 percent fluctuation makes a fair difference on the total sale price, but not that much of a difference when it comes to the commission.

ITT we're talking about "some months" (three? eight? more than a couple, anyway), not "10 days". The Freaks are just hypothesizing the price rise anyway; markets don't always go up.

Your link identifies the only actual service that realtors provide: objectivity. Houses are worth what buyers will pay for them. The realtor who can predict what price a house will fetch in the near term is providing a service. Permanent realtor's signs indicate failures of objectivity.

In the scenario the seller is gaining $200K by waiting two months. You think she should forgo this money to save everyone else's time looking at her ads?

I personally try and be a polite person, but I'm not $200K polite.