Some Seller's Still Haven't Gotten the Memo

The simple fact is that home prices are dropping and sellers need to realize that the adjustment on their asking price must occur or they are simply not going to sell. Mr. and Mrs. Seller if you're reading this please understand that as a buyer's consultant I can honestly tell you that my clients are not stupid. They understand how to make sound, sensible decisions and will request that I print out for them a list of comparable properties in an easy to read market analysis before committing to any purchase. Okay, sorry for the sarcasm but buyers today have options and time on their side so by not pricing your house accordingly at the beginning you're only wasting your time. A recent survey discovered that while over 63 percent of sellers felt that the price recommended by their Realtor was too low only 18 percent of active home-buyers believed that current prices were even fair. Pamela Frey-Primiani of Keller Williams Realty in Sicklerville, N.J. said it best. “Homeowners know that prices have fallen, but that somehow doesn’t apply to them because they have ‘upgraded vinyl’” or something....Sellers have got to be realistic in their expectations. An overpriced home in these times does nothing — no showings, no offers, just whining from sellers that it’s all someone else’s fault that the home hasn’t sold.”