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Asked by At, Florida Tue Aug 5, 2008

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Answers

2
Susan Wesely, , Saint Paul, MN
Tue Aug 5, 2008
Asking price is a starting point. Look at it from the seller's side - why won't buyers make offers and at least start the negotiation? Sellers want to get as much as possible from the sale, so are unwilling to start the process. On the other hand, if they see an offer or two, they may at least think about lowering the u,timate price.
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Sj209, Both Buyer And Seller, California
Tue Aug 5, 2008
Maybe the seller doesn't lower the asking price because the seller owes a certain amount and can't sell for less than that without the sr and jr note holder's permission. Also, perhaps the seller is not very motivated or no real pressing reason to sell. Other factors include agent pressure, greed, delusion, optimism, keeping a long-term view, etc.
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