In Boston, where the market has cooled faster and more dramatically than in New York, real estate brokers are figuring out that it’s a waste of time to take on clients who have overinflated ideas about what their homes are worth. At ERA Boston Real Estate Group, brokers were specifically told last week not to bring in any “grossly overpriced listings.” Brian Rugg, an executive vice president at ERA, put it this way: We are telling people you have to go after everything you find – and you have to price it realistically for today’s market. So how ’bout it brokers: Are you finding yourself walking away from listings because of the unrealistic expectations of sellers?
RE Agents Nix Overpriced Listings [Boston Herald]