I have a daily hot sheet; I look at every status change for every listing in Sun City every day. If you follow Bloodhound Realty on Facebook, you will see me opine briefly on things I see, especially post mortems of Closed transactions.
The images illustrate a pattern I’ve seen four times in the past two weeks: Seller caves dramatically at high Days-on-Market to an all cash offer from buyer who is represented by the listing agent – by Dual Agency, a double-dip.
All secrets kept, of course, and it’s churlish suspect ugly motives, but it is worth your while to be aware of this listing strategy, even assuming it is simply wholly erroneous. The buyers will claim they are ‘rescuing’ desperate sellers, but really, again assuming the absolute best, they’re sharks circling around mis-marketed listings, waiting for those desperate sellers to run out of two things: Time and alternatives.
So: First: You should be listing with me. I don’t play stupid or sleazy pricing games, so I’m typically done very quickly. But, more to the point: I don’t double-dip. I represent you only – as fruitfully and expeditiously as possible.
But: Second: If you price your home wisely and well – priced to market, to the recent comparable Closed sales – you won’t find yourself in this awful situation.
And: Third: If your prospective listing agent promises to rescue you with a pre-arranged cash buyer, should the listing fail to attract a buyer, take the time to ponder who is getting the best end of the representation – you or that buyer?
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