Robert,
I won't tell you to contact a realtor considering I am a realtor in Wesley Chapel.
The sellers in our area are still asking too much for their homes in this market. The average home right now is on the market for 6 months to over a year due to overpricing. I have seen price reductions over $150,000. Also the sales price to final (last) listing price is about a 10-20% reduction depending on the area the home is located. All a buyer can do on the overpriced homes is make an offer comparatable to what other homes in the area are selling for. Your Realtor would do a CMA to give you an idea of fair market value and give you an idea of around what you should be paying for a particular home based on the current market situation. If I can be of any further assistance please let me know. My website link is below
Kimberly - Wed Apr 15 2009, 13:45