Asked by Maji, Philadelphia, PA • Mon Mar 23, 2009
I have done my homework, including comps. I know what the average price per square foot should be for a home in fair, good or average plus condition. Why aren't more sellers willing to accept that market conditions have changed? I am not referring to sellers with short sale issues or minimal equity. At what point is the market going to begin to reflect the reality of the recession? Very few qualified buyers are going to be willing or able to pay $200,000 plus for a N.E. Philly row home these days. Why are realtors continuing to list properties way above their actual value - when sale prices are trending down down down? It's very frustrating!
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