While many agents do sell their homes themselves, I have seen a lot that don’t and there’s a good reason. It’s just different when it’s your own property.
Even the ones that sell it themselves will often go around getting perspective from other agents or their Principal Broker. As far as I know it’s against the rules for doctors to work on loved ones because they can’t stay objective. Maybe that’s a movie hook but it makes sense. Counselors and psychologists aren’t supposed to take family as patients and even the legal profession has a phrase that says, “A lawyer who represents himself has a fool for a client.”
I bring this up because I came across a recent listing that has some crazy price drops. When I researched a bit more I saw that the agent was a part owner of the property.
It was purchased in 2014 for just under $300,000 and then listed a few months ago for the mid $500,000 only to drop 3 times within 30 days for $150,000 less. I can’t begin to imagine the situation or dire straits that the owners must have been in during those days. They obviously listed it way to high and still didn’t get an offer even lower.
I’ve seen some agents do some silly things when they sell their own home, even with a lot of experience. The longer and longer I stay in this business the more I think FSBO’s (For Sale By Owners) are taking some big risks by selling themselves. Selling is always more personal that you expect and it affects your thinking and pride.
If you’re looking for someone to help you and be a partner in the process of selling your home, call us at 503-502-3330