Quote:
Originally Posted by 1stLand
Inventory is very high. Alot of fellow realtors I talk to have listings that have gone stale.
Not any viewings in weeks.
I have had many listings appointments with families that bought in 2007 and 2008 and are desperate to sell. However, they have negative equity in their homes now that prices have dropped off since the boom.
Many don't have a clue as to what their home is worth and feel their property is 'different' and can sell for what they purchased it at in 2007.
It is quite frustrating and saddening at the same time.
I am glad I didnt get licensed till well after 2007, or else I would have some unhappy clients!
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I know a few of these people 1st Land...they are really frightened...I have had one lady in our building come out and actually yell @ my g'friend because we lowered the price of our place because she feels it invalidated how much she paid for her similar unit @ the top of the boom.