Are Lake Sinclair sellers leaving money on the table?
By Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville
(Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)
I got a post card in the mail last week from an out of area real estate agent. He was so proud that his listing sold on my street. It sold for $175,000 (ish) and the CMA was about $200,000. I wonder where this NOT in the local MLS agent pulled comps to put a price on this home when he listed it. And he was so proud it sold in just 6 days. Well duh. Oh and he was bragging about selling it himself too. So how did that really work out for the seller? About $25,000 under market value in my opinion. Was the seller a friend? A relative? I don't know the answer to that. But what I do know is that I had buyers who were willing to pay more for that property. And while I can't speak to the relationship or even the agents motives for under pricing a Lake Sinclair property, I can tell y...
Comments
5