I think part of the discussion needs to be for the realtor to do their best to identify the motivation to sell the property. If a seller is motivated or somewhat motivated, then they might be more open to price reductions down the road. However, if the sellers don’t seem to be very motivated, you could get into a situation where it continues to stay listed at an inflated price and doesn’t sell.
Nope, unless you like working for free. Be the second or third agent in line when the seller finally brings the price down to reality.
I think part of the discussion needs to be for the realtor to do their best to identify the motivation to sell the property. If a seller is motivated or somewhat motivated, then they might be more open to price reductions down the road. However, if the sellers don’t seem to be very motivated, you could get into a situation where it continues to stay listed at an inflated price and doesn’t sell.
100% true, that would be the 3rd scenario where the agent never changes, the price never changes and it never sells.