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This Sacramento Real Estate agent was totally blown away today by a comment made by a listing agent on an Elk Grove home for sale.
The home buyers I am working with had placed an offer on a house that after performing a CMA it was obvious the house was overpriced.
The Elk Grove home buyer’s offer was ignored.
Since the house was still listed for sale 2 weeks later, I called the listing agent to see if the seller might entertain the same offer again. Our offer of course was contingent upon the house appraising.
WOW…the agent tells me that they KNOW the house is OVERPRICED but think someone will pay more money than what the house is worth. Would you?
That boggles my mind! The agent said, “your client is putting enough down so they won’t have any trouble getting their loan.” Interesting concept…has anyone told the seller that there has been a change in real estate over the past few years?
Since I fully represent my client’s best interest, I did call and let the home buyers know about my conversation and asked them if they were willing to overpay on this house. These Elk Grove home buyers aren’t stupid, they declined.
I hope the Realtor you work with, provides you with a Comparative Market Analysis before you write an offer on a house or condo. You need to know when a house is overpriced as well as under priced.
This is a perfect example of WHY a home buyer MUST have their own Realtor represent them. Listing agents represent the seller and their job is to get the MOST amount of money for their sellers. A home buyers Realtor, represents the home buyer and works to pay the LEAST for the property.
Good thing this listing agent is NOT representing these Elk Grove home buyers.
It is always your decision as a home buyer what you are willing to pay for a house…
If you are interested in Elk Grove, CA homes for sale click below:
4 Bedroom Elk Grove homes for sale – under $200,000
4 Bedroom Elk Grove homes for sale – from $200,000 – $400,000
4 Bedroom Elk Grove homes for sale - from $400,000 – $500,000
4 Bedroom Elk Grove homes for sale - from $500,000 – $UP
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