What is keeping some Buyers out of the market, or at least very upset, is the over-priced listings of owners with unrealistic expectations, and unwilling to listen to reason.
These Sellers, and their agents, look so absolutely foolish to those viewing the properties, or at least to the majority who understand the reality of the market.
Today's Buyers are savvier and aren't going to pay more than market value, but trying to negotiate a reasonable price is almost always an exercise in futility.
Lender's aren't going to finance a property beyond it's value, not unless there is a substantial downpayment, and what is the chance of someone happening by with cash?
Personally I'm fed-up of trying to deal with over-priced listings, and the irrational excuses being proffered are pathetic. To give everyone a good laugh I'm going to blog the worst top ten soon!
Almost all over-priced listings end up as expired listings, wasting everyone's time, and as a result Buyers and agents are righfully offended, as in pissed.
Sellers who think they know better than what the market dictates, and can't grasp the fact that the goal is to sell not to list, should be left to sell their own home.
So in fact some Sellers (and their agents) are keeping many Buyers out of the market.
John in Port Moody
;)
;)
Playing the public as fools is insulting, so why are so many agents doing this? They don't really care. Some of the "top agents" in my area are the worst.