A short list of ways to tell when a listing is overpriced:
1) It’s been on the market at least 30 days longer than any other similar property in the area.
2) It’s had no offers and only a few showings if any.
3) Even the sellers have given up and no longer maintain the property the way they used to.
4) All the neighbors roll their eyes when you mention that house.
5) Your agent gets that, “Well, if you really want to….” look on his face when you ask to see that house.
6) It’s fallen out of escrow because contract price was so much higher than appraised value the seller refused to come down that low & the buyer simply could not logically come up that much more.
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