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1. if the managing broker said the value was more like 85% of the asking price, and showed you different comparables, would you pay it?
2. I've never heard of a RELO company RAISING the price. You're getting bad information on how it was priced by your friend. I believe your words were similar to "she said something like if they sell it, they get a benefit, but it didn't make a lot of sense". Every RELO deal I've ever seen was "here's the 3 appraisals we got. here's how much we'll pay you. whatever you get above that if you sell it is yours. And we'll throw in a 1-3% bonus (or $amount) if you sell." So Sellers shoot for the moon, and then maybe drop the price to/near the RELO $ amount so they get a little more money or even save some face at the realization the house isn't worth as much as they thought. The reason the RELO companies do this is their contract with the employee's company is to SELL the house, for almost ANY reasonable price. If it sells before they own it, it's a much simpler and cheaper process.
Put together, honestly - and I appreciate you and your input throughout the forum - these indicate you don't have the right information and thus don't know as much about real estate as you think you remember from your prior days in the appraisal field, or your own experiences as a buyer/seller.
Well, admittedly, I have zero experience with relo companies. My friend was the one who mentioned them raising the price back up. The relo company accepted the lowball offer (and she got her bonus).
Managing broker agrees with my price, essentially. He's at around 82% of list and I am at 78%.
I agree with whoever told me they just want the full commission by pushing that other house on me. BTW, is there a way to reply to the comments people send in the reputation thing?
The other thing is, the house is more expensive than the one I want so no need to go there. It's mostly the lot which is about 3x's as big and I don't need.
So we are going to write an offer. My husband wants to lower the offer even more after seeing the powerpoint presentation I put together on the state of Illinois macroeconomics. (I really, REALLY need an eyeroll emoji).
Well, admittedly, I have zero experience with relo companies. My friend was the one who mentioned them raising the price back up. The relo company accepted the lowball offer (and she got her bonus).
Managing broker agrees with my price, essentially. He's at around 82% of list and I am at 78%.
I agree with whoever told me they just want the full commission by pushing that other house on me. BTW, is there a way to reply to the comments people send in the reputation thing?
The other thing is, the house is more expensive than the one I want so no need to go there. It's mostly the lot which is about 3x's as big and I don't need.
So we are going to write an offer. My husband wants to lower the offer even more after seeing the powerpoint presentation I put together on the state of Illinois macroeconomics. (I really, REALLY need an eyeroll emoji).
Well, now she says the couple backed out of the offer. I can't keep up with all these developments.
So we are going to write an offer. My husband wants to lower the offer even more after seeing the powerpoint presentation I put together on the state of Illinois macroeconomics. (I really, REALLY need an eyeroll emoji).
btw, when you actually DO make an offer, do NOT include that Powerpoint. attach comps that you and whoever eventually helps you at your brokerage agree on.
and ... has anyone asked the Listing Agent for comparables/how she arrived at price?
btw, when you actually DO make an offer, do NOT include that Powerpoint. attach comps that you and whoever eventually helps you at your brokerage agree on.
and ... has anyone asked the Listing Agent for comparables/how she arrived at price?
btw, when you actually DO make an offer, do NOT include that Powerpoint. attach comps that you and whoever eventually helps you at your brokerage agree on.
and ... has anyone asked the Listing Agent for comparables/how she arrived at price?
Really? I was hoping to convince her how crappy the future market will be here.
Also, I was looking at the reports the managing broker gave me and the price/list ratio dropped off the cliff in the last year. It was just under 94% in January and now it's 85%. Average price from Jan 2017 has dropped just under 16% from mid July 2017 (coincidentally exactly when the Illinois state tax increased 67-100%). Also, on a longer term chart of average sales price, prices are almost at the very bottom of the chart, being slightly higher than the bottom in 2010. Not sure what happened in 2012, but that's where the worst average price was. I would have thought 2009 would have been the bottom. And the last little graph shows that DOM average was 100 in Jan 2017 and now it's about 365.
btw, when you actually DO make an offer, do NOT include that Powerpoint. attach comps that you and whoever eventually helps you at your brokerage agree on.
I agree. I wouldn't care less about what some random person's powerpoint said, but actual comparable sales do matter.
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I am laughing so much
or 
for this comment though.
