I had yet another call today from a delusional seller who thinks her home is worth what it was in 2006! Her friend's home, she says, sold in 3 days! Sure it did, because it was priced right. A price that was an excellent price or rather what might be considered "a bargain" for the Carmel Valley area in San Diego.
How realistic are you?
In this market, was it really a bargain or was the friend just being realistic about the market? If, as is predicted, the Carmel Valley market sees more foreclosures and the buyers still aren't taking the leap, then the home that sold for what is perceived as a bargain price today, may just be considered a high price in 2-3 months!
Get your head out of the clouds!
Sellers have a hard time acknowledging their home is not immune to the shrinking prices we are seeing! Yes, even in the coastal areas of San Diego County California! Homeowners must look at the larger financial picture because keeping a home on the market at an inflated price could wind up costing more.
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