I got a phone call today from a broker in New York off one of my web sites.  He referred me a client that has a high-end property to sell in Austin.  While it's fantastic to receive those type of calls, the owner thinks his property is worth about $700k over market value. 

I've sold million dollar properties in my day, but never have I seen a seller that believes his home to be worth 30% more than market value.  As much as I would love to take the listing, I can't do it on principal alone.  I would be wasting both our time and MY money!  There are 5,000 rookie Realtors in Austin he can call for that!

I have provided sold comps that are far superior to the subject property for less $$$.  I'll see if that makes a difference in his judgement of value.  So many people think they are sitting on a gold mine when in fact they are sitting on a mountain of pyrite!

I'm sticking to my guns and see what happens.  In my opinion, I don't care if you have a home worth $10 million.  If you want to sell it for $20 million you can scroll on down to the next page of Google and find yourself a Realtor that does real estate on the side after his day shift at Mickey D's.