WHEN SUPPLY EXCEEDS DEMAND, YOU HAVE TO LOWER THE PRICE

It is obvious that there are more buyers than sellers at this present moment. Buyers are like kids in a candy store and they have their pick of the litter. If you have to adjust your price because of slow or no activity in 3 months or more that is not out of the norm or a reflection on your Realtor. Foreclosures are flooding the market like Hurricane Ike and if they could get a home just like your home or bigger, needing minor repairs  or with a little more updates for $10-15,000 lesser..umm, 9 times out of 10 they will go for it. The home also has to appraise for what the sales price is, so if you have a Realtor promising the world and overprice your home, you will have no showings or  an offer but later on, embarrassment  because the appraiser said, "How did you come up wuth that sales price". The 1st time home buyer tax credit has expired and now sellers are having a tougher time selling. WHEN SUPPLY EXCEEDS DEMAND, YOU HAVE TO LOWER THE PRICES. A REALTOR'S  JOB IS TO SELL THE HOME, not just market it. I suggest homeowners put off putting your home on the market right now unless you ABSOLUTELY must sell NOW. There is not a demand for it. If you own it, lease it like many of my clients do until the market seems to be better.  Remember everything will always sell for a price.