Quote:
Originally Posted by LEAKYSEALS951
Agents must deal with this all the time. Wonder what the best tactic is with an unreasonable seller ?(again- not saying this applies to Shaun's friend)
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The normal process is to pitch a fair price to the seller. When the seller is unreasonably high the agent can argue that the final price might be above the asking price, but starting too high is not a good idea. But in the end the owner sets the price.
If the owner is unreasonable they can either list the house with fair warning, or decline the business.
In this case, it sounds like the agent needs to give the homeowner some feedback. What has he heard from other agents, what feedback form people who did view the condo, what comparable condos are priced at, and what has sold recently?
It should not be a black hole with zero updates.