It is human nature to assign blame when things do no go as expected. After all, it is much more comfortable to rationalize a flaw in one’s thinking than it is accept a different reality.
But if a house is properly marketed, and has had multiple showings with no offers, the market is speaking loud and clear. At that point, a seller can choose to ignore the message and continue to pursue the exercise in futility.
Even more to the point is this: if there have not been any offers following a significant number of showings then the chasm between true market value and price is so wide that a minor correction will have little or no effect.
The attitude “I really don’t need to sell” is nearly always a self-fulfilling prophecy.
Because there are plenty of others that DO need to sell.
And they are pricing their properties appropriately.
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