Upsold. Real estate agents, prices, and neighborhood inequality.

"Real estate agents, it turns out, do more than show off properties, interpret price points, and sing the praises of trendy design features like open-plan kitchens and soaking tubs. Their role, as sociologist Max Besbris reveals in Upsold: Real Estate Agents, Prices, and Neighborhood Inequality, is instead to work a kind of sorcery on buyers-and, by extension, on entire neighborhoods-through a complex matrix of business and interpersonal tactics. . . . Upsold is an intricate, well-researched, and well-written book that provides new insights into real estate, spatial inequalities, and the real estate profession. It is a must-read for scholars interested in markets, decision-making, and residential inequalities." * Public Books * "Casting real estate agents as 'market intermediaries' who occupy similar interactional spaces as others who help to define and influence "consumer" preferences and choices (e.g., sommeliers, travel agents, career counselors), we gain a sense oft he transcontextual relevance of Besbris' engaging work. . . . This is a volume rich in detail and marked by methodological sophistication that deserves a readership far beyond the confines of its substantive area of interest." * Symbolic Interaction * "Max Besbris's excellent Upsold describes this work of real estate agents in New York City and their interactions with prospective buyers in rich and fascinating detail. Bridging the gap between network and cultural explanations of economic decision-making, he demonstrates how social interactions serve to construct buyers' preferences. He details how real estate agents push buyers toward sales above their stated price caps-transactions in which agents have a clear vested interest. Importantly, Besbris links these interpersonal interactions and valuations to broader trends, arguing that they contribute to the production and perpetuation of segregation among neighborhoods." * American Journal of Sociology * "In recent years, urban sociologists have paid increasing attention to how people make decisions-about housing, schools, job finding, and more. Besbris makes a powerful contribution to this work by examining how people decide what to buy, why they often end up paying more than they expected, and how realtors play a bigger role in the process than realized. Upsold is based on a remarkable amount of data, including interviewers with buyers, realtors, and others, and quantitative analyses of the spatial patterns of realtor concentration. But perhaps its most intriguing sources of data are its direct, tag-along observations of the interaction between buyer and realtor as they make their round, an interaction where, as the author argues, the price and purchase decisions are actually produced. The book reveals the fascinating ways these costly decisions end up being not only less rational but also less individual, more emotional, and far more interpersonally determined than many have supposed. A contribution to the sociological study of economic decisions, of taste, of neighborhoods, of network brokerage, and of housing, Upsold is wonderfully wide-ranging in its implications." -- Mario Lois Small, Harvard University "Bravo Max Besbris, for deciphering the complex and deeply emotional process of buying a home. Drawing from engrossing interviews with New York sales agents and wealthy buyers, Upsold demonstrates the crucial role of intermediaries in shaping real estate markets. How much we are willing to pay for a home, how satisfied we are with our purchase, and even where we choose to live are contingent on interactions with real estate agents. A pathbreaking contribution to relational economic sociology, the book is a must-read for anyone interested in learning how markets really work." -- Viviana A. Zelizer is Lloyd Cotsen, '50 Professor of Sociology, Princeton University "In this illuminative ethnography, Besbris roots the macro-dynamics of real estate prices and neighborhood gentrification in the micro-sociological work done by agents driving up buyers' expectations and affordability thresholds. An entertaining read, it will cause more than one homeowner to look back on their own process and the subtle interactions by which they, too, were once 'upsold.'" -- Marion Fourcade, University of California, Berkeley "Provides insights into how home buyers come to pay the prices they do and the role of market intermediaries in shaping taste preferences in unequal ways, focusing on how real estate agents guide buyers through the process of searching for a home." * Journal of Economic Literature * Read more...