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Reply to "How long on the market before a price drop?"
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[quote=Anonymous]There is a phenomenon I read about that seems to apply here. When a house is overpriced, sometimes it generates TONS of showings by real estate agents. They're seeking to show their buyers, hey, this 3BR/2BA Cape Cod in ____ is $600k. Then, they show a 3BR/2BA Cape Cod in the same area, for $50k less, and the buyers bite because that one looks like such a great deal. There was am article about this recently maybe Washington Post??? My own sister is stubborn as can be, and wouldn't listen to me if we were in the same position you are with your sister. Sometimes people just have to take their own action, learn their own lesson, do their own thing.[/quote]
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