Quote:
Originally Posted by fotze
The one common thing you see when a house is listed without a realtor, is that 9 times out of 10 the house is significantly overpriced. Welist usually means 'really cheap homeowner with a warped sense of the value of their home.'
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I've seen that a tonne and it never makes sense. There will be a house that is worth $300,000, and even though it could go for about $280,000 since there are no realtor fees, it will be listed the other way at $320,000.
One reason I think this happens, is the people who list themselves aren't in as big of a hurry as people who go with a realtor. They can wait the market out for a while hoping to get their price, and they have a lot of negotiating room. If they end up needing a quicker sale, they can always go with a realtor at that time.