1,472,185
I've found that pricing is more opinion than fact. There is always a Buyer for every property.
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Allie Angeloni
Oro Valley, AZ
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Susan Emo
Kingston, ON
582,156
It depends how long the seller wants to wait.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Allie Angeloni
Oro Valley, AZ
2,230,207
Yes, when the price comes down to the appropriate level.
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Peter Mohylsky,
Miramar Beach, FL
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Anthony Acosta - ALLAT...
Atlanta, GA
5,774,100
Peter,
Eventually, it does. A
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Allie Angeloni
Oro Valley, AZ
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Richard Weeks
Dallas, TX
1,395,083
It will sell, but it won't sell above its value. Buyers are savvy and sellers who pretend that buyers are stupid are left being the highest bidder on their own house until they catch a clue.
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Peter Mohylsky,
Miramar Beach, FL
676,311
Rare to find a fool with cash. If it sits on the market for prices to catch up or there are price reductions to get it sold, it is no longer overpriced when it eventually sells.
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Peter Mohylsky,
Miramar Beach, FL
2,849,659
A product that doesn't take itself serious gets no respect. A mixed message is confusing in this business. High price? I want to sell but I don't want to sell?
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Allie Angeloni
Oro Valley, AZ
56,734
Yes. Seen it happen.
BUT, it most likely won't be sold by you because the sellers will think it's your fault when it doesn't sell and by the time it gets to the 3rd agent, WHAM. It sells. Murphy's law.
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Allie Angeloni
Oro Valley, AZ
1,752,137
Rarely, but the purchase of a home is emotional and sometimes, emotion is 80% versus 20% logic.
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Allie Angeloni
Oro Valley, AZ
5,118,818
Possible. A fool is born every day.
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Peter Mohylsky,
Miramar Beach, FL
846,575
Yes, I have that experience all the time. People with cash will pay more for exactly what they want!
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Richard Weeks
Dallas, TX
874,080
921,504
If the seller actually wants to sell, it will sell. There are many things that may precede the sale.
I would add overpriced succeeds as often as a dirt-ball offer gets accepted.....and the show goes on.
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Allie Angeloni
Oro Valley, AZ
152,917
I'm always surprised, but sometimes they do!
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Richard Weeks
Dallas, TX
4,740,581
6,008,034
In Denver if the property is under $400K, it most likely will, and get thousands over appraised value!
5,280,568
Eventually! I agree with Susan Emo "There is always a Buyer for every property!"
2,538,789
Good morning Peter. Yes, even an overpriced property will find a buyer, but if a mortgage is needed, the appraisal could be a problem.
3,763,935
I'm noticing that a lot of places that I think are overpriced fly off the shelf with bid ups.
736,632
In our market right now, yes! We are in high demand with little supply!
6,691,506
3,986,473
1,539,044
Yes. I've sold a few that were "the highest price/sqft" in the area. They had other features that justified the price (lot, view, etc.).
5,584,639
in OUR marketplace they ARE selling.... some are not appraising but some are....very bad sign....
7,655
There will always be a buyer, which will buy any property
Besides using all marketing tools available and making sure, you get your word out the best way possible, you need to be very patient
Meaning, you need to take time out of the equation, to avoid that pressure and anxiety push buyers away
789,854
3,213,829
in 2006 we sold hundreds of them. People waiving appraisals left and right. And other when eventually the market catches up the price.
1,157,841
290,969
Yes, though as others have said, you will have the price reductions and it will be over a period of time Peter Mohylsky. Sellers that bought 'high' are not happy to be selling at today's comparable prices even though they see the numbers . . . it's emotional . . .
1,466,257
Peter Mohylsky An overpriced property will eventually sell. It just depends on how long the seller wants to wait for the price to catch up with the market. However, chasing the market rarely works.
2,326,785
3,074,389
8,155,096
1,513,143
Eventually a contract will be written to be accepted; that is of course if it does not expire first.
5,487,220