Fear Not
The blog item below titled "A scary thought?" brought this response from Realtor Marc Rasmussen of RE/MAX Properties in Sarasota:
"It is not uncommon for a home to be overpriced. That will happen in any kind of real estate market. You will always have sellers thinking their home is worth more than it really is," Rasmussen wrote in an e-mail.
"With the market moving so quickly, it is difficult to price a property. You don't want to underprice it and leave money on the table. So there is a tendency to price a property a little higher and lower it if the homes does not sell quickly.
"Reducing a property's price is not a scary thought at all. It happens everyday in the real estate market. The sky is not falling.
"Facts: Interest rates remain low; baby boomers are coming (high demand for Sarasota Florida real estate); limited supply of homes for sale," Rasmussen concluded.
From the Sarasota Herald Real Estate Blog:
http://www.sarasotaherald.com/apps/pbcs.dll/section?category=BLOG12
"It is not uncommon for a home to be overpriced. That will happen in any kind of real estate market. You will always have sellers thinking their home is worth more than it really is," Rasmussen wrote in an e-mail.
"With the market moving so quickly, it is difficult to price a property. You don't want to underprice it and leave money on the table. So there is a tendency to price a property a little higher and lower it if the homes does not sell quickly.
"Reducing a property's price is not a scary thought at all. It happens everyday in the real estate market. The sky is not falling.
"Facts: Interest rates remain low; baby boomers are coming (high demand for Sarasota Florida real estate); limited supply of homes for sale," Rasmussen concluded.
From the Sarasota Herald Real Estate Blog:
http://www.sarasotaherald.com/apps/pbcs.dll/section?category=BLOG12
Labels: sarasota florida real estate
posted by Marc Rasmussen at
8:28 PM
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