Quote:
Originally Posted by Ahuch
The price differentials are insane on Condo listings right now... I'm always amazed some realtors are willing to take on a listing when they're priced so much higher than other units (even in the same building) and nothing is moving because of how underwater they are on their mortgage and can't take the hit.
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We call that "buying the listing".
Lots of sellers go with whatever agent tells them the highest number, so it's common for newer agents in particular to just over promise, get the listing and then hope.
But they are at least in pole position to try and get a price reduction later vs losing the listing to another agent in the first place and never gaining the client.