Holding out for the best price

Published On: August 9, 2011


Overheard from some sellers on their pricing strategy - "we're just going to hold out for the best price".  My advice to anyone attempting to sell real estate is to be aware that market forces are largely responsible for setting prices, not sellers.  Listen to the news and realize that downward pressure on home prices continues and will continue for some time.  "Holding out" is like jumping off a ship mid ocean and saying that you'll just tread water until another comes by to pick you up.  Could be a long wait!  There are still reasons to buy real estate - people still need good homes, places to live but there is a lot of stock on the market.  Now is the time to negotiate and make the deal!  Don't wait!