Quote:
Originally Posted by Davy
According to the Freakonomics book, real estate agents will not work in your interest, because they don't have the right incentives.
So good for you.
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Correct me if I'm wrong, but the book says that there is no incentive to get it sold for top dollar, right? The theory on that being that the net profit for the agent may actually decrease while waiting for top dollar.
If so, then yeah.
Well, not really. Just like in adult, real estate has people that are about the dollar today and will cut any corners needed to make it and then there are the people that are in it for the long haul and rely on referrals ... they are typically the more honest in the bunch.
Then you have agents like me (although I don't actively sell -- I have a team for that) who pretty much rubber stamp things for the banks ... selling off their foreclosure inventory. In our case, the bank has an asset manager that does pretty much everything important remotely ... our job is to be the eyes and the ears for the property.