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by elviejo
1806 days ago
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In the freakonomics book Dan Ariely makes the same point. Here with real state agents when they are selling your house they tend to encourage you to accept the first rational offer because for them is better to move the house inventory tan the extra % in the commission. However when they are selling their own houses... the houses tendon yo stay 3 weeks more on average, because there they have a better incentive to wait for a better offer. |
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In fact real estate agents are pretty much never acting in the best interests of their customers (buyer or sellers).
All of them are interested in making transaction happen faster to "move inventory". Negotiating better deal for their client is a waste of time for agents, although none of them will ever acknowledge it.