Comments on: Losing by Saving http://seattlehousingbuzz.com/2007/05/losing-by-saving a Seattle Real Estate Blog Fri, 18 May 2012 22:19:17 +0000 http://wordpress.org/?v=2.3.1 By: seattlemax http://seattlehousingbuzz.com/2007/05/losing-by-saving#comment-25388 seattlemax Wed, 20 Jun 2007 22:09:02 +0000 http://seattlehousingbuzz.com/2007/05/losing-by-saving#comment-25388 Groovy. When my friend bought his home he did not use an agent. However, the seller had an agent. The seller's agent quietly disclosed how low the seller was willing to go which turned out to be a great deal for my friend. Groovy.

When my friend bought his home he did not use an agent. However, the seller had an agent.

The seller’s agent quietly disclosed how low the seller was willing to go which turned out to be a great deal for my friend.

]]> By: Ben http://seattlehousingbuzz.com/2007/05/losing-by-saving#comment-25040 Ben Mon, 11 Jun 2007 17:11:54 +0000 http://seattlehousingbuzz.com/2007/05/losing-by-saving#comment-25040 Jason - Thanks for your comment. Though, I must say there is a bit of misconception in that statement. The list price of a home for sale is set by the seller, not by the agent or company representing the seller, though, the agent will provide his/her recommendation based on market factors. Sellers have different motivations and needs when selling their home which can, and usually will, impact the pricing decision. As stated in the original piece, though I knew the seller and his situation, I was not privy to his reasoning why his home was priced below market. That's the important distinction...the property was priced below market value...not priced over market. Though, I do not follow Redfin's pricing closely, the listings that I have previewed were priced close to or even above market value. Listing agents represent the seller and will work to optimize the sellers return, regardless if the agent is with John L. Scott or Redfin. Jason - Thanks for your comment. Though, I must say there is a bit of misconception in that statement. The list price of a home for sale is set by the seller, not by the agent or company representing the seller, though, the agent will provide his/her recommendation based on market factors. Sellers have different motivations and needs when selling their home which can, and usually will, impact the pricing decision.

As stated in the original piece, though I knew the seller and his situation, I was not privy to his reasoning why his home was priced below market. That’s the important distinction…the property was priced below market value…not priced over market. Though, I do not follow Redfin’s pricing closely, the listings that I have previewed were priced close to or even above market value. Listing agents represent the seller and will work to optimize the sellers return, regardless if the agent is with John L. Scott or Redfin.

]]> By: Jason http://seattlehousingbuzz.com/2007/05/losing-by-saving#comment-25021 Jason Sun, 10 Jun 2007 19:54:54 +0000 http://seattlehousingbuzz.com/2007/05/losing-by-saving#comment-25021 Whew! As a prospective buyer, now I know to look only at Redfin advertised properties. I would have spent $10,000 more had I purchased a Scott property. Thank you for your candor! Whew! As a prospective buyer, now I know to look only at Redfin advertised properties. I would have spent $10,000 more had I purchased a Scott property. Thank you for your candor!

]]>