Accidental Landlord AKA Venditore Testardo
Posted by Hank Miller on
Home sellers can be a prickly group. This is especially true when markets are shifting, like now as sellers lose the edge and the market balances (mid-summer ’25). The trendy label is "accidental landlord", but an accidental landlord is nothing more than a stubborn seller. They don't listen, they know best. Their home is the “exception”; they have the one that all the buyers will flock to. Data? Meh, that’s for the others, not them. They know what the house is worth, just ask them. They are "experts".
With over three decades of full time sales and appraisal experience, I’ve heard some remarkably dumb things from sellers; and by extension, their agents. I’ve witnessed levels of stupidity that make no sense, listening as seemingly educated people…
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permits lined up and trying to hold onto the wallet. Rookie investors make rookie mistakes; overpaying, underestimating repairs, poor project management, overestimating finished market value and a thousand other things. But even experienced flippers get surprised from time to time.