Overquoting: The Oldest Trick In The Book!

25 Oct 2023| Posted by: Dave Tidbold

If you do what most sellers do, you call an agent and ask two questions: “How much can you get for my house and how much will you charge?”

This encourages agents to lie to you about your likely selling price, thereby, luring you to list with them on the promises of ‘high paying’ buyers.

Don't Be Fooled By Unethical Agents

Do not mistake the price the agent tells you with the price you are going to get for your property. Many unethical agents will tell you what they know you want to hear – a high price! Don’t be fooled by these agents.

The agent is just trying to win your listing by any means, because without a listing there is no chance of them making a sale. This is the oldest trick in the real estate agent’s book, overquoting to get the business!

Be very wary of the agents that lure you in with the promise of buyers at a high price. When selling you should market your property to all the buyers in the market place to ensure you get the best price.

What Is Your Property Worth?

An experienced and trained agent will be able to estimate an accurate selling price range and provide you with sufficient evidence of how they arrive at this range. The Tidbold Team are trained to value property using the same logic as a professional valuer.

How To Get The Best Price For Your Home

In order to get the best price for your property, you need the most skillful agent, not the highest quoting agent. Understand that neither you nor the agent controls the market. What is in your control, and this is very important, is how you choose your agent.

A skilled agent will be able to influence the right buyer to pay a little more for your property. Choose the one who can prove they have competent negotiation skills, exceptional marketing ability and a track record of achieving high prices for their sellers.

That’s where the Team at Tidbold Real Estate can help you.

We have built a reputation by maintaining the highest ethical standards and can provide you with extensive experience and knowledge from almost 30 years of selling real estate. If you’re looking for a competent trustworthy agent, we guarantee you will not be disappointed.

The Team at Tidbold Real Estate are Redlands' leading independent residential sales specialists who can provide you with an accurate selling range for your property along with an array of supporting information.

Remember, if you sell with us you will be safe. We offer you our SMARTRE SALE Strategy which includes a NO SALE, NO CHARGE service with ZERO upfront advertising costs, and of course a written SERVICE GUARANTEE.