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[quote=Anonymous][quote=Anonymous]My First Sale depresses me--the people always have to take so much less money than they wanted/needed. I know it is usually because they overpriced their homes, but it's still depressing when they either can't sell and have to rent it out or take like $50k less than they wanted for the house.[/quote] This is what kills me on My First Sale. The listing agent will say something like "several homes next to you in your neighborhood exactly like yours sold 20 days ago for $400,000." The seller will say something like "but we paid $600,000." The agent will say "you have to be realistic in this market." The seller will say "ok let's list for $550,000." Then the seller gets the first offer of $500,000..rejects it. They the proceed to spend the rest of the episode getting offers alot lower than $500,000 and sometimes they end up not selling the home or wishing they could get the $500,000 offer again. I saw one where the sellers were trying to sell a overpriced condo in the Miami market. They were quite nasty. Owners confronted the agent and it got very nasty cause he couldnt unload their condo at their inflated asking price. [/quote]
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