Every once in a while I'll get a call from a Pinecrest FL homeowner wanting me to go over and list their home because their agent hasn't gotten it sold. Today I am once again confronted with the task of telling a homeowner their listing hasn't sold because it is overpriced for today's market. I let them know that they might not like what I have to say, but it will always be the truth; and usually presented in black and white.
Some agents will take any listing at any price to get their name out there; reasoning that it is "free" advertising and you just never know, someone might call you. It has happened to me, I have gotten many clients off of sign calls. And yes, there are homeowners that will shop agents to see who will list their property at the highest price.
But I just can't take an overpriced listing though. I just can't in good conscious tell the homeowner and the public that I feel this property is worth what I've listed it at, if it's overpriced.
What is your policy on taking an overpriced listing?