Right on Diane - facts support the assertion that homes that are priced properly fetch more - NOT less - than those that are testing the market with an above market price and then try to play catch up. After two months on the market, it is time to adjust price. If the price is right it will draw good activity and an offer. After two months, no offer, it's time.
A good pricing analysis is what the listing agent should have prepared in pricing this home and managing the expectations of the seller. As a buyer, your agent should prepare the same well thought out pricing analysis for you as you consider any property. Properly done, it will immediately flush out overpricing.
Good luck to you and welcome to the market!
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