Montrose, CO

Within the past week I was in competion for a listing with as far as I know 2 other realtors. I did meet with the sellers last Saturday as they were in town to interview realtors for the purpose of listing the home, which they inherited within the last 6 months or so. As you may have gathered the sellers do not live in Montrose or even Colorado for that matter so their knowledge of this market is limited to say the least. I had prepared a CMA a couple of weeks ago and mailed it to them. The nature of the property shows that there are not many comps so I used the 4 that were available. My value based on the comps was the high 400's which in my opinion was being generous. The sellers during are meeting were focused on the price, and asked me several times if I would increase the asking price if I were to get the listing. I referred to the CMA both times as being the best indicator of what the price should be. Needless to say I did not get the listing as another realtor listed it in the high 500's. Evidentally the other realtor's total disregard for the comps bought the listing. In this market what is the point of listing something 100k over the market. As professionals I believe we have a duty to be honest with our clients/customers as to the value of their property. www.MontroseHomeConnection.com