I just lost a listing to another agent.

The seller was referred to me by another client a month or so ago.

The husband had accepted a job with a new company in another state and was leaving for his new job two days after we met.

He said “we have to get our home listed before we leave”.

I ran comps, thoroughly analyzed market conditions, and carefully considered the fact that the home was the only Victorian farm home in a subdivision of traditional homes.

It needed carpets replaced, was not in prime condition, and had an odd floor plan.

It also backed up to a busy main arterial street that was in the process of being widened (you could see massive backhoes working behind the house the day I was there).

I recommended an asking price of $289,000 and encouraged the sellers to be flexible while wondering if the property would bring $275,000 in our current market.

The sellers gave me the usual “think it over” stall and I asked them to let me know what they decided.

I have learned that it isn’t wise to pursue and overreach for listings in our current buyer’s market.

Weeks went by and no word.

Last week, the home appeared in MLS, priced at $320,000.

Time will tell if I was right.