From the Herald Tribune:
Some can’t afford to wait to sell
A recent letter said Realtors and sellers should wait to sell so they don’t perpetuate the real estate free fall. The author is fortunate that he wishes to sell his condo but doesn’t have to right now. Others are not so fortunate.
Many must sell despite the market due to financial difficulties, divorce, death in the family, relocation, etc. They cannot wait for the market to rebound and are relying on the real estate agent they hire to provide up-to-date and accurate market and sales statistics to help them set prices that will result in a sale.
…
In Article 1 of the Realtor’s Code of Ethics, Realtors pledge to protect and promote the interests of their clients. This includes giving them accurate statistics that truly reflect the inventory of homes for sale, days on the market and current sales prices.One of the toughest jobs of a Realtor is to tell the customers what they need to know, not what they may want to hear.
This is from a realtor in Florida. Sounds like she just doesn’t want to take any more listings that she can’t sell right now.
Sound like my parents situation. They’re getting older and have been hit financially. They just want to sell and get out but can’t due to the market.
Well said. Many times I have had to tell customers something that they didn’t really want to hear. However, I would rather do that than to say something that wasn’t true just to appease them or get a listing.