Sander Scott recounts how a real estate agent helped a seller get $900,000 for a property that an appraiser had valued at $500,000. After paying the agent's $45,000 commission, the seller still came out $365,000 ahead, challenging the idea that appraisers or agents can definitively know a home's true market value.
And her sister said, "No, no, we need to take this to the market with a real estate agent." They hired an agent, went through the marketing process, and guess what those lots sold for? Rather than a total of $500,000, they sold for a total of $900,000. Now, the downside of making that extra $400,000 was that They had to pay $45,000. Gosh, that hurts. It hurts having to pay that pesky commission of that $45,000. The truth is that any agent or appraiser that says, "When I know, I know the value of your home," they don't. You don't know what it's going to go for on the market.
