Alright, I know it is impossible to get rid of all the overpriced listings out there. I suppose you need some overpriced listings to make the right priced properties shine. However, I still so many ridiculously priced homes out there for sale. I only work the Sarasota, Florida markets but I imagine much of the rest of the country is similar. Unrealistic sellers/overpriced listings not only waste the buyers, listing agents, and sellers time but it also prolongs the market recovery. A lot of buyers are apprehensive to pull the trigger right now for many reasons - economy, … (7 comments)
1. Lower supplies Real estate isn't rocket science. If you have too much inventory without an increase in demand prices will fall. That has been the case the last 3 years. In order for a bottom to occur we need lower supplies. After the bottom has hit supply and demand graphs will resemble the markets prior to 2003. 2. People stop talking about real estate Foreclosures, the housing bubble and collapse won't be the topic of so many conversations. You won't go into the gym or a restaurant and overhear real estate horror stories. 3. Real estate isn't as … (109 comments)
Overpriced Listings
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