L.A. real estate news and insights.
Analyze the data the real estate agents are giving you and determine for yourself what you think your property is worth.
After you do that, don't lie to yourself and convince yourself your property is worth more than the data is showing you.
Just because you need more money, does not mean someone will overpay for your home so that you can get that extra cash you need.
Some agents will tell you whatever listing price you want to hear in order to become your agent and allow them to list your home for sale.
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For them it doesn't really matter if your home sells or not... what does matter is that they are allowed to put a free billboard (their for sale sign) on your front lawn.
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From that sign they will generate a lot of buyers calling them.
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They will then sell homes to a couple of those buyers.
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Sure, your overpriced home didn't sell, but at least your agent got a couple of other sales out of it, right?🙄
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What would you rather have... an agent that will tell you what you want to hear or an agent that will tell you the true price of your home based off of market data?
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I vote for the truth.
Do not, under any circumstances, give your house keys to the buyers before closing escrow!
