I have had to make a couple of phone calls already this week with exactly that theme: Dear seller, your home won't sell if it is overpriced!!! Getting the seller to believe that is not always easy BUT if you submit statistics showing what has sold in the area and at what price AND what is on the market in the area and how THAT is priced, you stand a better chance of getting through.
In both cases with my sellers, prices have been lowered on similar homes and my sellers want to sell QUICKLY. That will only happen if they adjust their prices. Naturally, distressed properties are always priced lower, but the properties in question do NOT fall into that category.................SOOOO if my clients want to move on quickly they are going to have to adjust to the market in their neighborhoods.
There is so much increased activity right now that most of the lower priced homes in GOOD condition in both neighborhoods have moved. Increased closings means it is not the market, it is the price!
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