About Houston's River Oaks Country Club Estates

Why are seller's pricing their properties well above the average sold's for their neighborhoods.

Could it be that they are not getting the information that they need? I see so many homes listed that are over priced and not selling. I can only imagine that the seller(s) are wondering why they are not getting any contracts. The pressure for a listing agent to sell an over-priced home becomes unbearable. Is it worth it to take on an over-priced listing in hopes that the seller(s) will eventually lower it.

I think that an over-priced listing is hurtful to everyone involved. Unless, of course the seller really doesn't want to sell and is just "fishing" in the market. I receive calls all of the time from would be seller(s) who want to know what their property might fetch in today's market. I have to be honest with them. It does no one any good to pump up the price so that potential buyers are left wondering why the price is so far above everyone else in a comparable market.

Homes that are priced right sell fast. A 5 - 10% above market pricing is more enticing than a price point that is clearly out in left field. Unless, the seller is willing to work in the "right" price point ... frustration is bound to rear it's ugly head.