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To Think We Ever Complained About Zestimates

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Data-wtfI took photos for some people I now consider my friends about a month back who were listed with another agent. And please if you visit that link, don’t let the rage here spill over into there in the comment. This is the Agent Break Room Blog for me, the other is kinda my Front Desk Agent On Duty Go Fun Happy Blog.

Anyway…

The starting price/CMA was $534,900.

Offer at $450,000 declined at agents suggestion.

Cut to $499,000.

Cut to $469,000. Getting good showings, but no offer as yet.

I come in to take photos. Agent suggests a fire sale open house price of $449,000.

Offer accepted the day after I finish shooting, before photos are uploaded to the MLS.

Time passes until closing day…

Final sales price revealed on MLS… $430,000.

 

Are you FLUFFY BUNNIES kidding me?!?  Whiskey Tango Foxtrot…

So the listing agents CMA was only 24.4% off the final sales price. Awesome.

The agent suggested turning down a $450,000 offer but the sellers end up having to take a $430,000. Again awesome.

 

I know this is all basically none of my business, and I know they just wanted the transaction over, but I’m upset that my photos didn’t get the chance to save them a suitcase of money on the sale price.

Oh and the zestimate… last time I checked it was $473,000 or something. I would have stayed priced at $469,000 and tried the photos.

FINAL SCORE

Zillow 1 — Realtor Slime 0

Maybe we should start trusting the software a little more…

 

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9 Comments

9 Comments

  1. Athol Kay

    January 5, 2008 at 3:28 pm

    Not really chasing Mariana, total days on market was 107. It did drop a tad Sept-Dec, but not 24.4%.

  2. Mariana

    January 5, 2008 at 3:33 pm

    I guess I mean “chasing” by not accepting the $450k offer and selling for the $430k price. THat is how overpricing games usually end up.

    We had a listing a few years back that the owner refused to take a market value offer in the first few months of the listing – against our recommendation TO take it. 2 years and 6 RE agents later, it sold for $100k less than that original offer.

  3. Athol Kay

    January 5, 2008 at 3:59 pm

    I agree that over pricing usually ends up in those “gah we should taken that first offer” RE Moments.

    But if the agent hands over a 25 page CMA saying the house is worth $535k and the first offer is $450k, and the agent says “you can get lots more than $450k” and the seller trusts the agent and turns it down… well I kinda blame the agent.

    I was taught that “the first offer, negotiated to it’s highest point, is usually the best offer the seller will ever get”.

  4. Mariana

    January 5, 2008 at 6:05 pm

    I completely agree. Your specific incidence was DEFINITELY the agents fault … the agent wound up costing them $20k.

  5. Vicki Lloyd

    January 5, 2008 at 8:41 pm

    I read your other post this morning and thought it sounded a little too “happy and nice!” WTF for sure! The other agent just waited until they were desperate and sick of being on the market.

    Karma will make up for it eventually!

  6. Ines

    January 5, 2008 at 10:34 pm

    We have a listing now where the owners turned down an offer – ended up renting it for 6 months and we now have it listed below the offer price. Sometimes the customer wants to play hard ball and they end up loosing more than their minds.

  7. Benn Rosales

    January 5, 2008 at 11:29 pm

    Why do you say it was the realtor who is the bad guy in this, it is the seller who makes the decision. Zillow 1 Homeowner 0 Agent –

  8. Athol Kay

    January 6, 2008 at 4:18 pm

    Unfortunately Benn the Realtor Code of Ethics, plus my brokers request prevents me from discussing all the details I know of this transaction.

    Lets just say I’m finding this transaction a rich vein to mine for consumer orientated posts that will be spread out over a few months.

    I do agree that the seller makes the decision. Mostly we’re used to pig headed sellers resisting our pleading to take the offer.

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Business Marketing

“House on coroner” and other deadly marketing typos

Realtors that don’t proof read their property descriptions in the MLS inevitably end up in the hall of shame here at AGBeat. We hand pick these bloopers in hope that you will be inspired to check yourself before you go and wreck yourself.

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identity theft

marketing typos
Hi Friends – it’s blooper day, and I found some hilarious gaffes on the MLS this week. I think I finally figured out why we consistently see such errors – agents are letting their pets write their listing remarks.  On the other hand, I suspect that my dog can spell better than some of these culprits, so I may be casting unfair aspersions. Thanks to Jane Peters of Los Angeles for the Blooper of the Week (she hit the mother lode with that one).

Is There A Pulse?

“2 beds uhg” (Me Tarzan, you dummy.)

“Big barths” (Yeah, that usually accompanies a bad hangover…)

“No balls after 9 pm” (My ex had the same problem.)

“House will shit all buyers” (Hence the corn particles in the front yard?)

“Sorry – already bought” (Sign taped to back of seats in the House Chamber.)

Can You Detect A Heartbeat?

“Stay toned for open house schedule” (Man, L.A. sure is a tough market!)

“View from top of hell” (Graffiti on the wall in the Oval office john. )

“Just needs lifts” (…said Tom Cruise’s agent to his producer.)

“Pool chub” (Caption under a photo of me in my bathing suit at the office BBQ.)

“House on coroner” (How convenient – he’s already there to pronounce himself dead.)

Pull The Plug

“Coop for sale” (Oh, is Foster Farms going out of business?)

“Drop in sot” (I see you’ve met the guys who play poker with Uncle Paddy.)

“Coy fish in big pond” (Where are the gregarious fish – in the kegger pond?)

“Big water fault in back” (That’s called a tsunami, and if I were you, I’d run like hell!)

Last Rites

“Bright, Quite garden condo. like home 3bads and 2 full bath, fire place3 tend-om parking, incloding refrigcrater” (Take the fork out of the socket and then remove your aluminum foil hat, because your hair is on fire…as is your career.)

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“Breakfast hook” – More MLS hoots and hang-ups

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Hope is Crap Spelled Backwards

Well friends, this is my last blooper post of the year, and I still have not run out of material. I don’t know whether to thank these hapless agents or to flog them. At the very least, Perhaps I should commend them for sending us off into 2012 with a lot of laughter. Enjoy these bloopers, and have a Happy New Year everyone!

For Those With Hang-Ups

“Kitch with breakfast hook” (Heehaw – hook ’em, book ’em and cook ’em!)

“Indescribable wildlift” (How are those diet pills workin’ out for ya, sweetie?)

“Bif gym fully equipped” (Who’s more fully equipped – Bif or the gym?)

“Brig bonus by New Year’s day” (Yay – a prison party – at last I’ll find a date!)

“Pets wilcome” (Ahhh, a veternarian’s Field of Dreams.)

From Those Who Should Be Hanged

“Christmas crab bag” (I think there’s an ointment for that.)

“Big troy drive” (Big Troy talk like Neanderthal.)

“Nice entertainment arena” (Proudly offered by Ringling Brothers Realty.)

“Fully rehabilitated upper level” (Let me guess – “Twelve Steps” to get there?)

“Breakfat room” (Lapband, anyone?)

“Come to holiday patty” (This is Hollywood, pal – if you pay Patty, she’ll come to you.)

“Enjoy the egg nod” (That explains how your head slammed into the keyboard.)

Can You Hang Somebody Twice?

“Celebrity hose” (Who did they belong to – J. Edgar Hoover?)

“You’ll like dip in pool” (I will if he’s cute and buys me dinner…)

“Ned addition” (Is Ned the dip floating in the pool?)

“Hug play area”  (Ned again?)

“Please ignore big hole in yard” (Should I also ignore the casket with the dead flowers?)

And The 2011 Dufis Award Goes To…

“Buyers will flock like bees to hiney” (Okay, let me first stop laughing long enough to pen a smart-mouth comment. …Oh hell, I can’t….this is killing me…seriously, this has me on the floor, folks.  Okay, let’s try again: “Buyers will flock like bees to hiney.” I’m sorry, I just can’t top that one other than to say:

 “They must  know an ass when they see one!” 

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“House has spark” – burning up the MLS with typos and other bloopers

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The year is starting a march toward its natural ending, friends…and it seems a few real estate careers may be also. This week I found some real head-scratchers in local real estate ads and the MLS.  However, I get submissions from all over the U.S., so no one is safe from the eyes of  the Blooper Scooper. Check out these blunders:

Do You Smell Smoke?

“House has spark” (Apparently your real estate career isn’t the only thing going up in smoke.)

“Big pep area in kitchen” (Is that the cookie jar where Mommy Dearest stashes her uppers?) 

“Dull Viking ovens” (Methinks there’s something in the cookie jar that will perk up those dull Vikings.)

“Large greenhose in back” (Large, naked Jolly Green Giant in yard.)

“Mush added to this house” (Was that the overflow from between your ears?)

I Think I See Flames

“Beautifully remolded guest” (Another cosmetically-altered Barbie hits the Hollywood party circuit.)

“Enjoy a drink poolslide” ( Hell, if the pool is sliding, I’ll need a whole pint of Jack.)

“Each bedroom has own bedrooom” (Hello-o-o, Alice, how are things down there in the rabbit hole?)

“Separate pod to build GH” (That should please my pea-sized buyers.)

“Play room for the kiss” (Something tells me this is the back seat of a ’67 Chevy.)

Still Smoldering…

“Ideal for gusts” (That’s great…if you want to live in a wind sock.)

“Impaccably detailed” (Incredibly challenged)

“Stylish pewder room” (Try burning a match.)

“Stone pillars flake driveway” (Flakey agent got stoned in driveway.)

Nothing But Embers (This Week’s Fave):

“From a bygone error” (You have just written your own epitaph.)

 

 

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