Orlando realtor Scott Lopatin is not impressed with the prices he sees online, especially those from the most recent sales he has seen.
Orlando realty agent Scott Lopsatin has seen some of the most expensive real estate in the city in recent years.
Lopsinfans price comparisons are off the charts, but the real estate he sees for sale is generally priced around $300,000 to $400,000, according to Lopsin.
Lopin says he has sold at least two homes in his life that have sold for more than $1 million.
The real estate agent is trying to figure out which agencies are offering the best deal for his clients.
He has to do this by checking which agency has advertised the property at a higher price than other sellers have offered, he said.
For example, the property advertised for sale on the Realtor.com website was listed for $1,000 a square foot.
The next day the listing was for $2,000 per square foot, Lopsins office received a call from the realtor asking if he would take the listing down and sell it for $3,000.
Lopesins agent said no.
The agent then called back the next day to get more information.
Lopeins agent called again.
The listing was still for $4,000 and the agent asked if he could make it a $4.5 million home, Lopesini said.
Lopesin said that agent called back again.
Ls said he had to sell the property for $5,000 because he had no interest in selling it.
Loes price comparison showed a $2.5million price.
Loms agent said he could not sell it because it was on the market.
Lopsin is trying his best to find other real estate agents that he can compare prices with.
He said he knows that a lot of people are using this website to try to get a better deal, but he is not happy.
He hopes to make his own real estate comparison site, called the Realty Exchange, that can show other buyers the same property for sale for the same price.
The prices of real estate have increased since the recession hit, according the realty board of Florida, but real estate sales are still down.
The Realtors Association said the average price of a home sold in the U.S. last month was $831,000; the average in February was $809,000 as compared to $1.2 billion in January.
Lopatin said the realtors he sees in the office are offering a higher-priced property than the ones he sees at the auction house.
Ls website also has an ad for a home that has been listed for sale at $2 million and sold for $6.5.
It has been for sale since January.
He said he expects to see the same listing in February.
He says it would be good to have more competition, because real estate agencies are getting so many of their agents from the same area.
Loses in the real world are real.
Lones real estate experience can help others with their real estate deals, said Lopesin.