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1031 Exchanges - Why Homeowners Insist on Inflated prices

In the California Association of Realtors Newsletter they provided a link on this very subject. Here's their description:

"Behavioral finance professor Hersh Shefrin of Santa Clara University discusses why some homeowners decline to accept an offer from a buyer that is less than their inflated asking price." Listen to the NPR program discussing this phenomenon.

It's a very interesting discussion regarding the psychology behind the phenomenon.

Posted by Lisa Lambert, Esq. (1031 Exchange Expert) on 04/04/2008 11:42 AM

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1031 exchanges, homeowners, sales price, npr, selling, buying, pricing

Post is included in group: Central Valley 1031 Exchange Solutions

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