Asked by Sandy, New York, NY • Tue Jun 17, 2008
I have checked Truliaâ€™s sales volume for Bryn Mawr and essentially there is no sales volume. It has gone down for Bryn Mawr, Villanova, Devon and Wayne by an astonishing amount (75% of the sales volume is gone). My parents are at wits end because they purchased their retirement house and they have to sell. They cannot even get anyone to come in to look at it (they bought it for $330k), let alone sell it. They tell me that market is completely dead, and their agent says that there is 2 Â½ yearsâ€™ inventory in Bryn Mawr.
At this point they are just looking for an offer. I asked them why they donâ€™t drop their price a lot more, and they say that their agent told them not to do that. The agent intimated that doing so will reset all the valuations in the neighborhood and she (the realtor) and her office are advising people strongly not to do that.
What do you recommend that we do?
Real Estate in Bryn Mawr
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