Things happen when I'm not looking. And I usually mumble to myself, how can this be?
I have yet to go into the grocery store to buy a bottle of pickles marked 99 cents, only to take them to the check-out counter only to learn that another customer says he'll by the jar of pickles for $1.25, and if I want them, I've got to out-bid him.
Somehow real estate marketing has reduced its place of honor among professional-type businesses, and I don't understand how that has not been successfully challenged in court.
For most of the years I've been a broker --- 50 this coming year -- a listing agreement had a price and terms that the seller agreed to, and that meant that if a buyer met those terms, the seller had to sell. It's a legal contract. No more negotiating.
Now we have brokers encouraging clients to under price their homes on the listing contract, when they have no intention of selling their home at that price.
I saw one the other day that had been priced at some $750,000 and the price had been bid up to in excess of $1,250,000.
I know I'm a fuddy duddy and you're welcome to call me that all you want. But I believe this is a terribly sleazy way to do business; one that wouldn't have been tolerated just a couple of decades ago.
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