William's Blog...with a smile!

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The Dangers of listing your house low...

I hear this often...

In this market, just list it low and get the multiple offers and you will get above market."

 

Well, that could be...OR...maybe not.

 

The issue is this.  In Minnesota, the seller owes the agent a commission if the agent brings in an offer tha is equal to the listing agreement.  Even if he seller does not accept the offer, the agent has fullfilled their duties and the seller now owes the agent a commission.

 

So, listing low, getting one offer at full price that may be Thousands of dollars low the seller still owes the agent the commission.

 

Think about that before you lowball your listing price.

Comment balloon 3 commentsWilliam Feela • June 23 2017 03:33AM
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