Refin Real Estate Glen Kelman says your REALTOR is lying to you

Friday December 14th 2007: NBC’s Today Show and Meridith Vierra interview Refin Real Estate Spokesman Glen Kelman. The title of the segment was “everything you are being told by your Realtor may be wrong”. That implies a lie.

Mr. Kelman claimed that he and his people over at Redfin real estate are not in real estate sales at all. They are calling themselves scientists, really scientists. So what have these real estate scientists come up with that is stunningly different than what we the Professional REALTORS have known and practiced for years: Don’t over price your home. Make sure your home is marketed online.

Really, wow I never would have thought of that. OK, that was not true, I thought of that about 4 years ago when I first started as a Professional REALTOR. I always advise people to price their homes right at the market or slightly below the market because I know that the highest price a home seller is going to get is in the first 3 or 4 weeks the home is on the market. If a home seller over prices their home, they don’t get any other offers. The reality is that the home seller chooses where to price their home not their Realtor, of course the home buyer chooses what the home actually sells for.

The truth is Redfin really does not sell real estate, they run a website where they pretend to sell real estate.

Poor Meridith Vierra, admitted she has been trying to sell her home for some two years now. She stated that she thought that she was supposed to price her home high so that she would have room to negotiate. Negotiate?? with who? you have to get a offer on your home before you can negotiate! Meridith Vierra you have made the number one classic home seller mistake, and I bet you made the number two classic home seller mistake as well, you did not interview more than one Professional REALTOR to sell your home.

James Boyer
NJ Realtor Associate
RE/MAX Properties Unlimited
One Madison Ave
Morristown, NJ 07960
Chatham NJ Realtor
973-647-0253 (Direct)
973-539-6300 (Office)

Your Chatham NJ Real Estate Market Specialist.