“We thought it was the value of the house that we could probably get, if the market would pick up a little bit, and people were a little positive,” Gabriel told us.
So you priced agressivly, or above market, and hoped to hook a sucker. It didnt happen, so:
They say today’s buyers are only looking for great deals, so if you price the home at its actual value, nobody’s interested. You have to go below.
“Actual value”. Nice. Value is what people will pay, not what you think your house is worth cause that is what you want for it. Good to see the bubble mentality is alive and strong.