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Comment by rexf | Hacker News Reader

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rexf·

Yeah, however real estate agents will close later (and for more) when selling their own home.

> Real estate agent-owned homes are on the market longer and sell for more (2005)

https://news.ycombinator.com/item?id=26840289

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My point exactly. The seller’s (or job seeker’s) upside is much higher than the agent’s, and so the agent won’t try and get you a higher price/salary if it means delaying the sale.

They’ll also tell you pricing lower will incite a bidding war. Yet the first offer that comes in they’ll say wow it’s a good offer!

This works if you have an open house/2-5 days dedicated to showings and a set time where offers are allowed (which is at the end of that showing period). However, even now, houses need to be appraised by the bank for the buyer to get the loan for the house, and many people aren’t ready to get in a bidding war only to then need to come out-of-pocket an extra $10k because they bid too much and the bank appraised it that much below the offer amount.

Exactly. When I sold my house a few months ago I found a good agent that helped me price correctly and we sold the same weekend. Made sure it went to someone that actually needed a house and not some investor looking to flip. Still came in over asking.

> Made sure it went to someone that actually needed a house and not some investor looking to flip.

As someone who has been trying to buy a house on and off for a few years now, thank you for caring about this.

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