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How Buyers Respond to Overpriced Listings
My friend who lives down the street from us at our house in Hawaii just sold her home in Roseville last year. She went through a couple of Realtors at the time (because I did not know her then), and she had also had more than 2 price reductions. Her comment to me was wow, too bad I sold my home in a buyer's market, because it wasn't a seller's market in 2017.
What? I was dumbfounded. I guess nobody told her it most certainly was a seller's market in 2017. She was overpriced. Her agents listed that home for more than market value, which is why it took so long to sell. In fact, she probably would have made more money if she had listed it right in the first place. But she's my friend, and there is no reason to upset her over somthing that is done and over.
You can read more in my personal blog today at this link? Why Buyers Will Not Make Offers on Overpriced Listings.
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