[Pballer]

Originally Posted by MightyDog

Neither. But, actually some of the first one. I'm referring to many houses sitting for too long and, very often, the reason for that, in any geographic market, is that they are over-priced. Click the link in my last post...over 260 markdowns. And many of them still sit.

My experience over more than a couple decades is that real estate agents are often late to notice a shift in the market and so don't have their listings priced accordingly when one occurs. One agent did tell me something, years ago, that I have found to be spot-on and all would benefit to realize it. It is that: The first 30 days of a listing is the primo time for sellers to get the most attention and best sales price. After that, the listing starts going stale and the seller is often chasing the price down.

So, the lesson there is: Clean up the property, cull a lot of the excess junk out and price it right if a seller wants it sold without prolonged agony. Example - putting a price that is 30 to 40% higher than the price you paid less than two years prior and you've done no major improvements is pretty much a joke. I've seen many of those recently in TV.

It appears that the county assessor is in on the joke.