By Elizabeth H Jones, GRI
(Diane Turton, Realtors)
I do not understand why some Realtors will still take a listing that they know is too high. The seller does not reduce or the reduction is not enough to make a difference. I do not think it's in the seller's best interest for Realtors to take an over priced listing. I run a CMA so many different ways in order to get a feel for the market and what the price of the home should be. The home becomes stale and sells for a lot less than it should. As a business, it's not good on our end either, we paid for advertising that does not bring business. Basic economics, supply and demand; our suppply is high and the demand is low. So we need to price for the market.