So many times we hear "I don't want to give my house away." If I had a dollar for each time, right? Well sellers who said this to me 8 months ago have lost even more money in the downward spiral. Some sellers still believe that the market will magically rebound in spring or some other given time. Fact is no one knows when the market will stabilize. Its not likely to happen in the next year. After that there will still be plenty of people who will be foreclosed upon as their value has decreased to below what they owe.
Sellers should be given the true facts about the market and not an inflated value in order to secure the listing. It does not benefit the seller to be on the market with no activity. In fact you could say it is a disservice. I am not advocating "giving away" property. We are to represent the seller to the best of our ability and get them the highest price possible. POSSIBLE, that is the key. Portray the market as it is.
Things will change, we are all transitioning to working in a difficult market.
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