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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Tradelite who wrote (48507)3/22/2006 5:43:02 PM
From: mishedlo  Read Replies (1) of 116555
 
If ever there was a case of a seller following the market down, this one appears to have done that, self-admittedly.

Agreed.
And she was probably very lucky too given the exploding inventory.

Had she priced it $10K less than "full price" to begin with it may have sold in a month or two, for $20K more than she got. Instead she just dropped as the market went down.

In one more month when they had to move there might have been an additional $30 panic.

That initial pricing decision could have cost her $50,000 easily instead of the $15K-$20K or whatever it did cost her.

But was it all her fault or did the listing agent give her bad advice? I do not think she said.

Mish
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