Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Rainmaker
4,144,107
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I find most people to be realistic. 

Jun 23, 2018 04:46 AM
Rainmaker
1,114,855
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I tell them "NO" every time without regard to our real estate relationship. With potential Buyers having access to all necessary data to be informed about a property the fastest way to stifle your success is by poor valuation. I don't have the time to overcome that. 

Jun 23, 2018 04:43 AM
Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Would you believe that overpriced properties in Seattle are selling for 50k to $100,000 over the asking price. Ridiculous...

Jun 23, 2018 12:08 AM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

That has not yet happened to me... one thing about my past buyers is that they already trust me and appreciate my expertise.... so they listen to me.

Jun 23, 2018 05:18 AM
Rainmaker
508,743
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

If it's past clients, I will tell them no and explain.  They usually get it.  If it's a new client I will do the same but if they insist, I walk away.

Jun 23, 2018 08:57 AM
Rainmaker
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Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I wouldn't turn down a listing over them needing a certain amount to cover their mortgage. I can offer them options how to get that resolved. 

Jun 23, 2018 08:06 AM
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Do you mean a past buyer client now wants to sell the home they bought with me, and wants to price it too high? That hasn't happened (yet). Since I already have a relationship with the person, I'd be able to explain why they should price it correctly. My decision on whether to say "no" or not would depend on how that discussion went.

Jun 23, 2018 03:37 AM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I don't take overprice listings. 

Jun 23, 2018 09:48 AM
Rainmaker
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Understand, I say no often to my castle-syndrome sellers- but not with the word "no" with data and market numbers.

I'll allow up to a $10,000 dabble in over priced, but beyond that I do not take overpriced listings. If I discover I am over priced because the market has changed since we listed, we price-improve before weekend #3 on the market.

Jun 23, 2018 09:11 AM
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Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Never happened. 

Jun 23, 2018 07:29 AM
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Without exception

Jun 23, 2018 05:37 AM
Rainmaker
853,785
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Maybe once or twice a year. last one was a house that comps indicated should sell for maybe $450,000.00 max, and owner wanted to list it for $650,000.00 because someone built a new house up the street from her, and she figured that made her house worth a lot more.

Jun 23, 2018 04:44 AM
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Mike Cooper, Broker VA,WV, MD
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

I've had to do that a few time, Praful. I typically have all of the data that I believe confirms a solid price. If they are unreasonable, I generally say, "I don't believe I can sell it for that. I'm sure you won't have any trouble finding and agent who thinks he/she can." Did that last year and the darn house sold for what they wanted. I was the most shocked because it had some strange features, but there is someone for every house. 

Jun 23, 2018 11:05 AM
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I took an overpriced listing from a long-time friend who was retiring. He wanted the money to make retirement living easier. I told him buyers did not care what his retirement plans were. No offers came in until a good reduction was made. The property finally sold for what it should have which was even less.

I knew he was committed to the sale and he would eventually have to accept what the market was willing to pay.

If a stranger came to me with the same story, It might have been a different story.

Jun 23, 2018 10:28 AM
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

My past clients trust my pricing.

Jun 23, 2018 10:15 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I am the voice of reason.  I do not say "no" ... I lead them to back on the path of reality and how it serves them to list at X price and buyers will drive the price up.  Over-pricing will not get them the results they want.  I back that up with DATA ... it works.  The numbers don't lie. 

Jun 23, 2018 10:06 AM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hasn't happened. Since we worked together before they already know and respect my opinion and know I won't lead them astray on pricing.

Jun 23, 2018 09:09 AM
Rainmaker
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Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

I'm pretty good about saying no to a price that's just not going to work. I do ask them how am I to get it to appraise then? That always brings the conversation back to 'you just can't ask anything that you want'.

Jun 23, 2018 07:52 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

They need advice on the current market conditions.

Jun 23, 2018 07:37 AM
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David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

I always tell my clients what is the market value, its  up to them if they want to hear it.

Jun 23, 2018 07:26 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Praful,

It depends on the circumstances.  A

Jun 23, 2018 07:25 AM
Rainmaker
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Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

I don't come across that situation very often... and wehn I do, I take the listing with the proviso that if it does not sell within a certain time period, then a price reduction will occur at the price I discussed with them already... I get them to sign the Amendment to reduce the price when I take the lsiting.  

Jun 23, 2018 07:13 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I explore & discuss all things

Jun 23, 2018 05:42 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Not all that often.

Jun 23, 2018 05:27 AM
Rainmaker
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Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Just say, "NO"

Jun 23, 2018 09:33 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I never had to say "NO" .... they listened to me.... I put the price on the house or they needed to call someone else...

Jun 23, 2018 07:58 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Several times since time is money!

Jun 23, 2018 05:44 AM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I outsource to other agents so I don't have to deal with that.

Jun 23, 2018 04:41 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

My past clients take my advice. I have not had to do it as yet.  

Jun 23, 2018 03:30 PM
Rainmaker
535,314
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Very Rare.  I come prepared when I meet with a seller ... they hear me out, I hear them out, they usually go with my recommendation.  If they are not willing after I have proved my point, I wish them the Best and remind them that I will be happy to list the house at my price when they don't get it sold!

Jun 23, 2018 02:35 PM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

My past clients know I am very realistic, and would not have to convince them to list at fair market value.

Jun 27, 2018 08:51 AM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Maybe one out of every 10

Jun 25, 2018 10:57 AM
Rainmaker
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Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Not very often, but I will have a conversation about a stale listing and have an adjustment written into the listing agreement sometimes.

Jun 24, 2018 12:54 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Best to explain the pros and cons of different pricing strategies.

Jun 23, 2018 09:33 PM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

,whenever they do not agree to a planned reduction

Jun 23, 2018 08:39 PM
Ambassador
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Once.

Jun 23, 2018 08:36 PM
Rainer
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Jon K. Judd
Keller Williams Realty - Central Delaware - Dover, DE
GRI, e-PRO, SFR, Delaware Homes

Only knowingly taken one overpriced listing... Don't intend to do it again.

Jun 23, 2018 05:39 PM