I viewed a property for my clients, and thought it fit all their criteria. It's listed at $900k. When I mentioned it to them they told me that they had seen it two years earlier and really liked it but at the time they couldn't afford it. Now they can.
The thing is, as soon as they heard that the current owner bought it for $950k two years ago, they weren't interested anymore. Since the current owner put it on the market for less that what she paid, my clients think there's something wrong with the house. They won't even consider the possibility that the current owner might be in a difficult financial situation and has to sell, or that pricing it at $900k is just their pricing strategy, since properties in the right neighborhoods in San Francisco still sell above asking price.
Is it just me or are my clients setting themselves up for failure? I get the feeling that they think that since it's priced within their range, there must be something wrong with it. Is it time to let them go? I've worked patiently with them for a year.
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