Sellers need to be more realistic and realize their homes aren't going to be sold in just a few days, or a couple of hours, for thousands more than they are worth. They also won't get high volumes of prospective Buyers walking through their homes. The days of multiple offers made on "sight-unseen" properties and offers well above list price are over. The market has changed to a Buyer's Market. Buyers are now in the driver's seat negotiating on price, terms and even seller contributions toward closing costs -and getting them!
Sellers need to realize that listing their home for sale will mean that it may be on the market for longer periods of time and may have considerably less traffic viewing the homes than that of last year. Although the housing market is still strong, homes will not appreciate like they did last year. Sellers can no longer over- inflate their prices anymore.
Just because the house next door sold for $350,000 last year, doesn't mean your houyse will sell for more this year. In fact, most homes are actually selling for less than they did last year. And quite a few of those that bought last year are finding themselves upside-down on there loans.
If you don't believe that the market has changed, just look around at all the open houses there are now.
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