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What to do when your client is about to overpay?

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Real Estate Professional | 27 Apr 2015, 08:05 AM Agree 0
In a hyper-competitive market where houses often sell for over-asking, agents are increasingly tempted to protect clients from themselves.
  • | 27 Apr 2015, 12:30 PM Agree 0
    What about the comment that says "the market price, is what a buyer is willing to pay and what a seller is willing to sell" came from? How do you think this relates to what is the value. What about agents that temp bidding wars by purposely underestimating the values to get people to emotionally buy? are these the people we are warning our clients about?
  • WilliamER | 20 May 2015, 01:52 PM Agree 0
    I believe that my responsibility is to provide my client with recent comps and price trends, as well as to have them look at the home's carrying cost at higher interest rates. After that, it's their decision. Good idea to document the info.
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