Beware of agents "Buying the listing" - South Orange County Real Estate

Price & Terms

Beware of agents "Buying the listing"

When you have agents come over to provide a market analysis of your house, generally they will all be giving you the same price range. Sometimes, this price range will be less than you had hoped to sell your house for.

Then, there might be one agent that, regardless what the comps are showing your house should sell for, will agree to listing your house at the higher price you want. Then as time passes, and the house has not sold, they will periodically reduce the price and eventually will be at the price the other agents were proving that it should sell at. Or worse, it could sell for less because now time has passed, and you really need to sell the house quicker. But, by this time your house has been exposed to the market for some time and is no longer a "new" listing. The longer a house is on the market, the more suspicious Buyers and Agents are of why it hasn’t already sold.

This practice is called "Buying the listing." It is unethical and a disservice to the client. Some agents in the industry use it to just get more listings. Be careful you don’t fall into this. If more than one agent is telling you the same general price range your house should sell for, whether you like it or not, it’s better to list at the suggested price range and save yourself from the anguish and frustration of an agent that bought your listing.

If you have any questions, Please call

1-866-OC-House

Written By Shan Roberts

Department of Real Estate # 01262388

South Orange County Homes

South Orange County Real Estate

South Orange County Realtors