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CNN does not set the prices in Roanoke VA!

CNN does not set the prices in Roanoke VA! I am amazed every day at the offers I am seeing on homes in Roanoke VA. Offers of 20-30% off of list price are the norm rather than a rare oddity. The key difference is that I have yet to see one of these ridiculous offers accepted. What I do see is that sellers get their feelings hurt or get angry over the low offer and refuse to negotiate. It doesn't seem to matter that the home next door sold this year for 97% of list price......they still want to offer 25% off of what the recent comp sold for.

It seems to take losing 2-3 homes for the buyers to realize that we really do know what we are talking about. I wish the public would realize that CNN does not set home prices in Roanoke VA....the market does.

Posted Tuesday Jul 21