Monday, June 16, 2008

Selling your home means being realistic in down market FORT LAUDERDALE, Fla. – June 16, 2008 – Setting the right price for a home sounds simple, but too many sellers aren’t doing it.They insist that their properties are special and holding value, even though the median prices for existing homes have plummeted 26 percent and 24 percent, respectively, in Palm Beach and Broward counties since late 2005.These stubborn sellers ask for too much money, ignoring the list prices of nearby homes, not to mention their real estate agents’ advice. It’s a short-sighted strategy, one that ultimately costs tens of thousands of dollars in a depressed housing market like South Florida, agents say.

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