John

I'm a:	Just Looking
Location:	Denver

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Why do sellers bother listing their homes at comically absurd prices?

Asked Thu Feb 28 2008, 11:35 by FirstTimer - Sunnyvale - Home Selling - 9 answers

John answered:

Personally I think its because the sellers, much like the NAR, were in denial for most of 2007. For most of the year, the NAR announced "the end to the decline" and that houses were appreciating in value, while they slowly lowered their annual increases. Then suddenly in January 2008, whoops, housing values went down YoY, lol. My relator was the same way, tried to talk me into buying a house, saying the market was going to absorb anything bad that could happen. All she wanted was my commission. I saw right through her, thats why I rent to this day. I saved so much over the last 2 years that pretty soon I'll be paying cash for a house, after they drop another 10-20% in value, and trust me they will you ain't seen nothing yet. - Thu Feb 28 2008, 12:47

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