Just One More Reason Real Estate Agents Get a Bad Rap



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5 thoughts on “Just One More Reason Real Estate Agents Get a Bad Rap”

  1. Aloha Adam,

    Great info as always. 100% agree with you. My wife and many friends of ours are in real-estate on the mainland. What you described happens all too often.

    If someone is looking to list a property, they should be wary of agents offering to get them top dollar or poaching the listing from an honest agent by telling the seller, they can get more money for their home. Always ask for comps in the surrounding area and price your home accordingly. Let the market and demand drive up the price. Multiple offers never hurt to have on the table. Once an offer is accepted the remaining offers can be lined up as backups in the event something doesn't work out with the first one.

    -Mahalo

    Reply
  2. Totally correct – I don't know whats going on there ( Maui) – but I'm seeing a LOT of properties there that are listed for say 5 or 6 million. Looking at the last sale date, was a year ago for 1 million less or more…. because I have access to public records, many of these are owned by corporations and LLC's. Is this just an investment?? Where many of these companies buy a 5 million dollar home, never live in it, and then try to flip it a year later for a million more? Especially in the market we're in – they can't tell me value has increased because of market conditions….

    Reply
  3. Also true in Northern Virginia. We have a close-by listing started out at $649 in Feb. Two days later increased by $75K, a week later dropped by $45K, two weeks later dropped by $110K. In all that time, there have been multiple listings and contracts in the same area.
    😮

    Reply

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