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A real estate agent encounters a home listed for $400,000 above its market value, despite its attractive features and recent renovations. The agent must navigate the challenge of presenting a reasonable offer to the seller, who may be attached to an unrealistic price.
A real estate agent showed a home to clients that had been recently renovated. The home was listed for $400,000 above its market value. The agent found that the home's updates did not justify the high price. The clients loved the home, but the agent knew they had to make a lower offer. The agent called the listing agent to discuss the offer and provided comparable sales data to support their price. The listing agent acknowledged that the home was overpriced.
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