Interesting Post on a Bubble Market Deflating
August 20th, 2006 • Related • Filed Under
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Merv from the Northern Virginia Real Estate Guide has an interesting post on the reaction of other real estate agents in the region. He is a very astute professional and has watched the region explode and now is following the retraction in the market.
Responses from other agents include: I’m not taking any more listings.
- I can’t afford to keep advertising property when the seller is so rigid on price.
- I’m lucky I have buyers.
- I’ve shown one buyer client over 100 homes and they still can’t decide. (I’d be confused too if I looked at even 25% of that number)
- Create two letters to listing clients: The first one to send is “you have to lower your price to sell. If they don’t, send the second one asking to terminate the listing.”
Read the rest at the Northern Virginia Real Estate Guide
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Edward
Thanks for the clarification. Great stuff!
Tom 
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