When looking at homes it is amazing when you see an older one that has not been updated in any way and needs a complete overhaul, and then see a deep into seven figures asking price. These are the types of things that make me think prices must fall a good amount. Sometimes when you look at something newer with granite, nice floors, etc.. it least it seems like it has some value. People throw around asking prices of 1 to 2 Million like it is nothing, which blows me away. It does seem that you ought to get something other than just 80 degrees on X-Mas day for that much money.
A realtor yesterday babysat my complete walk through the house I visited, pointing out every little thing trying to sell me. I finally told her when she was pointing out some built ins within the dining area, and discussing how wonderful they were, that I would tear them out. I think she got the point, and stopped coaching me. It did make me feel though that she was desperate to sell the home, she effectively lowered whatever I would offer if anything by over selling.
