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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (12193)	8/1/2002 5:37:10 PM
From: Libbyt	Read Replies (2) \| Respond to of 17639

From the URL you posted: Homes and Condos can find 100% financing from Lenders at a price that cannot find buyers. ....He listed it with an agent willing to take the listing at that price a month ago. Approx fifty agents saw the property at Broker Open, yet in the last month not one client has been interested in seeing the property. The real estate market definitely sees various cycles, and in all cycles IMO there are buyers and sellers who are totally unrealistic about the "value" of the home they are buying or selling. Looking at currently listed properties...and touring various homes in the price range where the home might be listed....before listing the property seems like a good idea. IMO that is especially important when buying or selling in an area where you are not familiar with home prices. I think the market is clearly indicating that the property is not worth anything close to what a Lender is willing to value it at. The market will eventually "find" the right price...even if it means the seller might have to reduce their listing price.