Rus,
I beleive a 1.5M house will lose 10 to 20% of it value this year. Most of that will come in the next 6 months unlike lower priced homes (i.e. 600 to 1.2M homes) which have already given up more value (and should have a decent Spring IMO) than those at the higher prices (which are in for great pain this Spring). That’s 2 to 4% per month over the next 6 months which gets you the 10 to 20% decline i think is coming in his range. That and a buck will get you a cup of Joe.
MLS plus price makes up most of what it takes to get an offer and as I said any tool in the shed can do that. The competence in handling the transaction is what makes a difference. A lousy agent can have your property in and out of failed 3 to 4 week escrows causing you to lose valuable time. A good agent understands the time element and does what it takes to get the sale closed asap. Time is your worst enemy in this kind of market.
