Re: Real Estate Prices with excess supply
Thanks!
I'm in NYC (Staten Island) and, upon the advice of my crack realtor, over-priced the house by a large amount.
Wife and I had a number in mind, but greed got us, and we went with his recommendation. We've adjusted downward. We are getting decent action on the home now that's it in a more realistic ballpark, but even here, where the prices are doing OK, there is still a lot of inventory and buyers are moving slooooow! We received requests for re-shows weeks after the 1st show, and offers (LOW ones) weeks after that. Not like the days where people made on the spot offers! It's just taking more time than I wanted, and my problem is I need to work for awhile after the sale if I want to do all the fun things I want to do when I finally get to TV (pavers, palm trees, etc). So this house full of memories is quickly becoming my nightmare!
But I am hanging in there and hopefully will be down there within 1 year.
And thanks for your support!
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