Unlike the stock exchange where there are centralized locations for buyers and sellers to congregate. Real Estate transactions take place in many shapes and forms. Which often result in different price points for sales. From the MLS to word of mouth in a popular neighborhood. There are many ways for a real estate transaction to happen. This is known as an imperfect market and your real estate agent may be working against you in it.

Take this for what it is worth. I’m about to explain how sometimes your real estate agent can hurt you and its going to sound like a rant - because it is. Tomorrow I will be in Cambridge looking at multi-families with a good friend/client that’s in town from overseas. He’s a busy guy and we only have time to look on Sunday before he decides to buy something. I’ve been setting up the appointments all day today and 90% of the agents I’ve contacted have gotten back to me. The one that gets me the most (and he will go unnamed) is this one agent who only has one listing. He emails me back and says that he doesn’t work on Sundays. Sundays! The busiest day of the week for my profession. Plus he’s only got one listing. In this market, if i were in his position, I would meet anyone at anytime if they wanted to see my listing.

I feel bad for the seller he represents. Tomorrow night I will be writing an offer for a property we saw that day and it wont be his because he doesn’t work on Sundays!

This folks is an example of an imperfect market. This imperfection - a lazy real estate agent. Who actually is making it harder to sell his property.

Filed under: Boston Real Estate Editorial