Profile picture for GinaMooreWaldrop

What to do about a greedy sales realator that increased price of home by 83,000 when you went to see

I found the home to buy, went to see it, the realtor that is selling home, jumped the price up by 83, 000.00 more while you were there. I still want to place an offer but do I have to deal with greedy realtor?
  • December 03 2012 - US
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Answers (6)

Best Answer

Is the Realtor selling his own home or just representing the seller? Regardless it is always the seller that sets the price.

As others have sais, you need to have your own agent to advise and represent you. A good buyers agent will prepare a market analysis for you on any home you want to write an offer on and this will show what the home is probably worth, regardless of the price it is listed for sale at.
  • December 03 2012
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Profile picture for GinaMooreWaldrop
Thank all of you for a fast reply, thats very good to know, feeling much better about buying, just placed my first offer... yay...
  • December 03 2012
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Profile picture for Ofe Polack
Let's clarify an issue, it is not the Realtor who increases or lowers the price of a property, but rather the seller that the agenty represents.  May I suggest that you find yourself a buyer agent who can represent your interests on this transaction?  Let the agent write an offer for you and see what happens.
  • December 03 2012
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Hi Gina

There may be a very good reason for the price increase, it may have been an admin error originally or numerous other potential reasons why.  Like Tim said its not the Realtor that ultimately get to dictate the price, I bet many Realtors hoped it was, as sellers sometimes have distorted very personal views on a homes worth/value. 

If you work with a reputable Realtor in your area they will be able to quickly tell you if the new price is reasonable and guide you towards an offer price that would make a good start to negotiations.

Best of Luck :-)

Natalie  
  • December 03 2012
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Profile picture for Cindy Quinton
In addition to what Tim said, if you are looking for a home, you may want to find an agent of your own to assist you in the home buying process. Having one agent that is YOUR agent to ask questions, give explanations, and give advice is extremely valuable. 
  • December 03 2012
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Profile picture for Outer Banks N C
Gina let me explain something to you, Realtors are agents of the owner. We can not raise the price, we can not lower the price, we can not decide who buys it either. The owner(s) do all that and we just show them the correct way to do it and we follow their instructions. If you have a problem, it probably was not caused by the Realtor but by the owners. You can offer anything your little heart desires, the owners (not the Realtor) will say yes or no to your offer. That's how it works.

Tim
  • December 03 2012
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