You're Now Reading:
Beware The Highballer
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Beware The Highballer
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Beware The Highballer
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Beware The Highballer 2017-09-25T19:52:11+00:00

Generally, statistics show that only about 40% of prospective homeowners will interview more than one real estate agent before listing their home. There is a multitude of reasons for this, perhaps they contacted an agent they had used previously, or have a friend or relative who is an agent, or use an agent that was referred to them. If you find yourself in that forty percent who wish to interview more than one agent, read the following scenario that will help you to identify a questionable tactic that unfortunately occurs all to often:

Being a sensible home seller, you schedule appointments with three listing agents whose names you obtained as referrals, or from the phone book, or who’ve been hanging stuff on your front doorknob for years. Each agent comes to your home prepared with a “Comparative Market Analysis (CMA)” with each recommending a specific sales price. Surprisingly, a couple of the agents have come up with prices that are very similar and they back up their recommendations with recent sales data provided from the CMA report of similar homes in your area, but not quite as much as you were anticipating.

When the third agent reveals his figures, they are much more in line with your own anticipated value, and probably even higher. Suddenly, you’re a happy and excited home seller, already counting the money. You’ve found an agent who seems willing to listen to your input and work with you, an agent that cares about putting the most money in your pocket. This is an agent who is willing to list your home at your price and possibly even higher to maximize your profit because after all, you can easily drop the price later if you need to, right? After all, everyone else does it!!!

The truth is that you may have just met an agent engaging in a questionable sales practice called “highballing” and also commonly referred to as “buying a listing.” He “bought” the listing by suggesting you might be able to get a higher sales price than the other agents recommended. He essentially tells you what you want to hear regardless of the fact that the recent sales data does not support the higher sales price and most likely, he is quite doubtful that your home will actually sell at that price. The intention from the beginning is to use this questionable tactic to “win” the listing, get their sign in your front yard, and to eventually talk you into lowering the price later.

Next:

Preparing Your Home for Prospective Buyers

Related Articles:

Assessing Your Home

Making Repairs

Remove The Clutter

The Two Rooms That Can Sell Your House

Showing Your Home

The Offer

Closing the Deal

Planning Your Next Move

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
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Calculator
Mortgage
Rates
Beware The Highballer 2017-09-25T19:52:11+00:00

Generally, statistics show that only about 40% of prospective homeowners will interview more than one real estate agent before listing their home. There is a multitude of reasons for this, perhaps they contacted an agent they had used previously, or have a friend or relative who is an agent, or use an agent that was referred to them. If you find yourself in that forty percent who wish to interview more than one agent, read the following scenario that will help you to identify a questionable tactic that unfortunately occurs all to often:

Being a sensible home seller, you schedule appointments with three listing agents whose names you obtained as referrals, or from the phone book, or who’ve been hanging stuff on your front doorknob for years. Each agent comes to your home prepared with a “Comparative Market Analysis (CMA)” with each recommending a specific sales price. Surprisingly, a couple of the agents have come up with prices that are very similar and they back up their recommendations with recent sales data provided from the CMA report of similar homes in your area, but not quite as much as you were anticipating.

When the third agent reveals his figures, they are much more in line with your own anticipated value, and probably even higher. Suddenly, you’re a happy and excited home seller, already counting the money. You’ve found an agent who seems willing to listen to your input and work with you, an agent that cares about putting the most money in your pocket. This is an agent who is willing to list your home at your price and possibly even higher to maximize your profit because after all, you can easily drop the price later if you need to, right? After all, everyone else does it!!!

The truth is that you may have just met an agent engaging in a questionable sales practice called “highballing” and also commonly referred to as “buying a listing.” He “bought” the listing by suggesting you might be able to get a higher sales price than the other agents recommended. He essentially tells you what you want to hear regardless of the fact that the recent sales data does not support the higher sales price and most likely, he is quite doubtful that your home will actually sell at that price. The intention from the beginning is to use this questionable tactic to “win” the listing, get their sign in your front yard, and to eventually talk you into lowering the price later.

Next:

Preparing Your Home for Prospective Buyers

Related Articles:

Assessing Your Home

Making Repairs

Remove The Clutter

The Two Rooms That Can Sell Your House

Showing Your Home

The Offer

Closing the Deal

Planning Your Next Move

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Beware The Highballer 2017-09-25T19:52:11+00:00

Generally, statistics show that only about 40% of prospective homeowners will interview more than one real estate agent before listing their home. There is a multitude of reasons for this, perhaps they contacted an agent they had used previously, or have a friend or relative who is an agent, or use an agent that was referred to them. If you find yourself in that forty percent who wish to interview more than one agent, read the following scenario that will help you to identify a questionable tactic that unfortunately occurs all to often:

Being a sensible home seller, you schedule appointments with three listing agents whose names you obtained as referrals, or from the phone book, or who’ve been hanging stuff on your front doorknob for years. Each agent comes to your home prepared with a “Comparative Market Analysis (CMA)” with each recommending a specific sales price. Surprisingly, a couple of the agents have come up with prices that are very similar and they back up their recommendations with recent sales data provided from the CMA report of similar homes in your area, but not quite as much as you were anticipating.

When the third agent reveals his figures, they are much more in line with your own anticipated value, and probably even higher. Suddenly, you’re a happy and excited home seller, already counting the money. You’ve found an agent who seems willing to listen to your input and work with you, an agent that cares about putting the most money in your pocket. This is an agent who is willing to list your home at your price and possibly even higher to maximize your profit because after all, you can easily drop the price later if you need to, right? After all, everyone else does it!!!

The truth is that you may have just met an agent engaging in a questionable sales practice called “highballing” and also commonly referred to as “buying a listing.” He “bought” the listing by suggesting you might be able to get a higher sales price than the other agents recommended. He essentially tells you what you want to hear regardless of the fact that the recent sales data does not support the higher sales price and most likely, he is quite doubtful that your home will actually sell at that price. The intention from the beginning is to use this questionable tactic to “win” the listing, get their sign in your front yard, and to eventually talk you into lowering the price later.

Next:

Preparing Your Home for Prospective Buyers

Related Articles:

Assessing Your Home

Making Repairs

Remove The Clutter

The Two Rooms That Can Sell Your House

Showing Your Home

The Offer

Closing the Deal

Planning Your Next Move

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.