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Updated almost 8 years ago on . Most recent reply

Account Closed
  • Investor
  • Wauwatosa, WI
11
Votes |
20
Posts

Is my realtor overly optomistic?

Account Closed
  • Investor
  • Wauwatosa, WI
Posted

I'm selling my primary residence (goes on the market in 2 weeks) and my realtor thinks I can get $50k more than I ever thought I would.  He's a friend and absolutely killing it as a realtor so I trust his (and his office that went over the comps) professional opinion. 

He wants to list my house at the higher end of the comps for 2 weeks and then drop it $20k if there's not enough activity.  Does this sound like a good plan or not?  Maybe I'm not accurately seeing the value of my house because I know how absolutely hideous it was before I renovated it top to bottom.

I'm moving into my girlfriends house so I'm not really in a rush, but there's obviously still holding costs.

Any thoughts?

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,089
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17,434
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Every single client I have thinks they know the market better than I do.  They either way over estimate the value of a property, or way under estimate. 

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District Invest Group
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