Real Estate, etc... by Eric Michael

Do I Want This Listing?

Do I Want This Listing? 

Hypothetical situation, of course.

I get a phone call.

Seller wants me to sell their house. They owe $X, and want to put it on the market for $X + 20%. Their reasoning is that they'll negotiate down a little, but they'll ultimately be able to "get out from underneath" the house.

After running the comps, $X is about 30% HIGHER than where the property should be!

Do I:

  • Take the listing and "hope?"
  • Explain the situation and see what happens?
  • Talk about what a "short sale" is?
  • Turn down the listing altogether?

I know the answer, do you? Let me know what you think!

 

Eric Michael, Real Estate Professional
Remerica Integrity, Realtors
41000 W. 7 Mile #105
Northville, MI 48167

Cell: 734.564.1519

Fax: 248.912.9996

www.ShortSaleInfoMI.com

www.EricMichaelOnline.com

Comment balloon 7 commentsEric Michael • May 19 2013 05:08PM
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