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Reply to "Listing Price Drops of $10k on $1M Homes"
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[quote=Anonymous]A serious seller would in that price range should drop $25K not $10K. Their agent is not doing a good job of counseling them. The house will sit, and eventually they'll end up chasing the market down. The listing will get stale, they will restart the DOM at a new price - the price they should have listed it for to begin with. By that time, they will be out of the summer buying season, and they will take the first offer that comes along! [/quote]
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