Most sellers still don’t think we’ve topped. What will the wannabe sellers described below do when ‘demand’ and ‘prices’ don’t ‘return’? When prices do drop more, they’ll turn to plan ‘B’: panic, then sell. -vreaa
eyesthebye at RE Talks 20 Jun 2010 11:59 am – “I know three homeowners who are taking their homes off the market and [are] waiting until demand/prices return before they list again.”
jesse1 at RE Talks 20 Jun 2010 12:33 pm – “I know four homeowners who pulled their houses off the market. But they all have multiple properties and will be listing four new properties in early July.”
Anecdotes… not necessarily true
Agreed.
90% of what you hear on the internet is completely fabricated.
I gotta be a bit of a skeptic on these guys as well. How many people really know 4 people selling all at the same time?
1 or 2 sure, but 4?
Besides, I just sold my last 7 properties all above asking.
Went to an open house today and was very shocked to hear the Realtor himself say the market has turned into a “balanced” one for sellers/buyers and price is very negotiable. Sellers will start dumping fast then free fall prices begin.