Shrinking comp database

[Dee Dee]

Michael,

The biggest problem I'm seeing is that many of these homeowners have several real estate people do a market analysis, then they pick the highest estimate and try to sell it themselves for that price. If they understood how the agents compete for listings by giving pie-in-the-sky numbers, they would stand a better chance of selling more quickly.
Over-priced and lack of exposure via MLS...it's a losing combination for most FSBO's.

 

[Restrain]

Even in Denton/Collin counties (2 of the fastest growing counties in the US), sales are SLOW. It's not unusual to have withdrawals and expires before a sale occurs. Marketing times well over 6 months is common and typical. New home construction is down. However, new homes sell better than existing homes due to seller concessions, etc. How about $0 move in? That's being offered by more than 1 builder.

Just gotta do with what 'cha got.

Roger