07-25-2006, 08:35 AM
"Hey bystander, how do you think RE's do comps? They compare current pricing on lots available, and sales trends in previous months. (Boys, correct me if I am far off.)"
What does that have to do with anything? Did I ever say that REs just make up whatever price they think they can sell at? Of course not but the higher the price the more commision they get. High and higher prices are in their financial interests. Therin lies the bias and conflict of interest.
"I wouldnt ask my grocer to tell me if land pricing is going down or up or what trends they are seeing."
You wouldn't ask your grocer what the price of food will be next year either. It would be in his financial interest to inflate the predicted price so you buy lots of groceries today. That's what is called salesmanship, what all people in sales do.
Edited by - bystander on 07/25/2006 12:42:12
What does that have to do with anything? Did I ever say that REs just make up whatever price they think they can sell at? Of course not but the higher the price the more commision they get. High and higher prices are in their financial interests. Therin lies the bias and conflict of interest.
"I wouldnt ask my grocer to tell me if land pricing is going down or up or what trends they are seeing."
You wouldn't ask your grocer what the price of food will be next year either. It would be in his financial interest to inflate the predicted price so you buy lots of groceries today. That's what is called salesmanship, what all people in sales do.
Edited by - bystander on 07/25/2006 12:42:12