“Up to now sellers have not blinked hoping to obtain top $$ for their house. It’s been estimated that 60% of sellers are just fishing and don’t need to sell though. (SD Realtor pls comment)”
I cannot confirm or deny that. I can tell you that those percentages are not true for my personal listings. Here are the profiles for my sellers:
– a couple moving to washington to retire. no rush and they wanted top dollar (against my advice) and are now repriced 50k lower. these guys fit the profile you mentioned Murray.
– a couple who is breaking up and dividing assets.
– a lady who is moving to texas (not listed yet)
– a lady who is moving to orange county (not listed yet)
– a couple who is moving to havasu (listing hits mls tonite)
– a young couple moving to north carolina
– an unfortunate guy who inherited a home and used a high risk loan to buy out his two sisters. his 2 year arm period is up and he cannot afford to make the new payments. he is retired on a fixed income.
– a lady who has already moved to oregon and the house is vacated.
– a guy who bought a new condo on speculation in north county and is flipping it.
– a couple with a home in north county that wants to move to la jolla.
I will say this though… In many of the above cases the price I listed the homes for sale at WAS NOT what I recommended to the client. In most (not all) cases the client asked me to list at what they wanted to get out of the home and I told them I could do that but in my opinion the home would not only not sell, but could get little to no traffic.
