Unfortunately today it appears that the only way to secure a home is to engage in a bidding war.
The actual real estate profession is becoming generic, what i mean by that is ..it doesn’t take much skill to run a bidding war. It’s actually elementary … and anyone can do this and in fact they are.
For Sale By Owner is now entertaining bidding wars, do you know what happens when you become generic ? Hmmmmm things that make you go hmmmmm.
Besides the simple fact that most of the apartments or homes are priced under market, this can be anywhere from a small 3% to a high 20% isn’t rocket science, the result would be 100 people at an open house and multiple bids coming in … where is the winning bid landing ? That is the magic question .. !
Does anyone have an answer for this ? I hope an intelligent one 🙂
As Real Estate Professionals, we have knowledge and some of us actually have skill and a true passion for “REAL ESTATE” not just Real Estate the job …Some of us actually LOVE the Industry, the market ..the stats etc. Having VISION …seeing ahead to the next market !
Projection, vision and the ability to sell in any market is what brings value to Brokers.
What happens if we became generic ? The buyers stop bidding, the homeowners stopped listing ?
Hosting 1 open house and calling best/final diminishes our profession, skills and makes us generic.
I can rant about this topic all day and night, at times I wish someone would see the light on both sides of this very dark tunnel… the buyer v the seller ..where do they stand ?
The bigger picture is something that most people can’t see, so they look at the micro area and think this is great….slam dunk a 6% listing with 1 open house. WOW we are making Real Estate not only look easy but a no brainer …why would a professional do that ? Diminish their worth in an already uncertain business .. ?
Its a bizarre -o- practice and one day it will be realized …. what are your thoughts on this ?
I would love to hear from Brokers, Buyers and Sellers alike…
AskImma 
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