Sunday, September 02, 2007

an observation

I know the real estate market is slow, but if your agent leaves a picture of your house on the real estate web sites with snow in the yard, maybe it's time to find a new agent. I've been spending an inordinate amount of time looking at these sites and it's amazing how many agents do things like this. In one listing, the agent made sure to display the beautiful flowering crabapple trees in the yard. That was probably a nice touch, in April or May. In August, it seems like malpractice.

Agents are supposedly obligated to put their client's best interests first. But as Steven D. Levitt and Stephen J. Dubner explained in Freakonomics, a fairly big difference in price for the seller means only a small difference in an agent's commission.

So for an unscrupulous agent, sending the message, "MY CLIENT IS DESPERATE" is an OK move. Maybe someone will make an offer, even if it's a crummy one, and they'll make back the money they've been spending to advertise the house since April.

I don't think it's usually anything that sinister, though. I think the agents take the photos, slap up the listings, and then either don't think to update them or don't have the inclination to go back and take new photos. It really sends a message to future clients that they work hard to make sure you get a good offer, doesn't it?

No comments:

Post a Comment

"Count your calories, work out when you can, and try to be good to yourself. All the rest is bulls**t." -- Jillian Michaels at BlogHer '07