A friend of mine who's also a Realtor® told me a little story about a house that's listed for sale here in the Tucson Foothills.
It's listed for $1.5+ (no, I don't want to identify the house).
And recently a buyer and their agent came to look at the house, stayed a long time, and then they came back for 6 more showings.
And finally after 7 showings, the buyer and their agent submitted an offer. The offer was $470,000 under the list price. My friend's comment was, "They were pissed. (the owners) Chutzpah to go back 6 times and then come in so low"
Chutzpah, Pissed, huh! They're lucky they got an offer.
I told my Realtor® friend,
"...maybe the owners expectations are unrealistic and the house is priced tooo high. In time they'll find out"
I mention it because I know this is not an isolated case.
It's what's happening out there. And instead of getting pissed, get real. Maybe (the) owners/sellers should take a hard look at where we are in the economic/financial/stock & real estate markets today vs. their expectations and adjust to reality if necessary, and then do their best to negotiate a mutually agreeable price.
That's the market, period. No if's and's or but's
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