RE/MAX Founder Chimes In on Media Reporting
May 15, 2008
David Liniger, founder of RE/MAX International, recently commented on his blog about some of his frustrations with the national media and their use of inaccurate data. Mr. Liniger decides to take the high road and focuses on two positive articles from Chris Pummer with Marketwatch and Cyril Moulle-Berteaux with The Wall Street Journal.
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Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
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