Sellers unwilling to reduce their prices

By
Real Estate Agent with Realty

I am concerned with the number of sellers that I am working with that are simply unwilling to reduce their prices. Their state of mind with regard to the asking price is as if the economic environment was as strong as it has been in past years. They believe that their home is special in some way that differentiates it from the statistics based on recent sales. These people are sabotaging themselves irreparably. In Austin's market, your prime selling opportunity is the first ten days the home is listed. After that, you just become one of the crowd and your chances of selling your home diminish daily. Sellers, in some areas of the Austin area, prepare to be under water if you purchased in 2007!

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