Week number two of the Carnival of Real Estate is live. Check out the Carnival here
One of the articles in this week’s Carnival highlights a phenomenon in the real estate industry known as “buying a listing.” Spotlight Realty covers an incident that happened recently in this article.
The lesson here is that if you are earnest about selling your property, the higher listing price will only increase two things: time on market and your holding costs. Also, keep in mind that Realtors(R) don’t get paid until the property closes and, if they have a professional marketing system, will likely have some considerable expenses associated with marketing your property. So ultimately, it is in the agent’s interest to see your home sell more quickly.