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Real Estate
Reply to "Sellers who let their house sit on the market for months without price adjustments "
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[quote=Anonymous][quote=Anonymous]Usually owned by a real estate agent or very rich who have no mortgage. They wait for the dumb money. Economists found that real estate agents keep their own home on the market for something like 2.5x times as long before they do a price cut vs. regular sellers using an agent. [/quote] Yeah, it’s been documented that economists are cheap bastards, but that doesn’t mean they got any more for their house than someone who prices it appropriately from the get-go.[/quote]
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