Have you every wondered why so many homeowners bypass the service of realtors or real estate agents?
Many naive folks trying to sell their house believe that they and the realtor have the same goal in mind, which is to sell your property for the maximum dollar amount possible. Nothing could be further from the truth. The owner of the property wants to sell at the highest possible price. The agent just wants to sell it even if multiple price reductions are necessary.
Why would this be the case since the higher the price the more the realtor will earn on commission? The answer to this question has to do with selling the house quick. The longer the house is on the market, the more cost to sales agent for inspections, advertisements, yard maintenance, etc.
From a mathematical perspective, 8 homes sold at reduced price will net the greedy real estate professional more than 4 homes at higher price. Read the work of Marisa Wright, who is a property investor, for more on the sleazy, shady, and immoral sales tactics of some real estate agents.