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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

Blog by Ian Watt

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What is Buying a Listing and How It Can Suck You in to a Lie

Vancouver Condo Real Estate Video Blog #412 - September 28, 2009

What is Buying a Listing and How It Can Suck You in to a Lie 

Ian Watt Video blogs about what buying a listing is and how it can suck you (the seller) in to a lie. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.

Ian Watt: Hi Good Afternoon, it's Ian Watt in Downtown Vancouver. Do you know what a buying a listing is? It's when a realtor tells you the price you wanna hear instead of the price is really going to sell for. For example all the data in the world supports your condo to sell for four hundred and fifty thousand dollars. However the realtor comes in as we can get five for it. The property seize for a month and then he bids you up a little bit and you bring down the price and then eventually sells for the four fifty amount that all the data supported in the first place. That's called buying a listing, its when we use skewed data maybe. I don't know, which is b/s or way into buying a listing. Telling the owner what they wanna hear. Instead of laying out all the facts. So if I come in and do a listing presentation and I do say it's gonna sell for a four fifty and then someone comes in and sells or says gonna sell it for five. How come our data is so off? Are they just miscalculating it? Am I miscalculating it? Or we buying the listing. Someone to ask if the data is all comprobable, there's no way anyone should be off for fifty thousand dollars or a five hundred thousand dollar condo. That my friend is buying a listing. My name is Ian Watt. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!