Just to follow up on the last post, here’s what I’ve learned from the buyers I’m working with – and I suspect mine are typical: they have absolutely no intention of offering full asking price, especially for new listings that haven’t had time to mellow. They (and I) shy away from listings with ridiculous prices; they don’t even use them for comparison purposes because they are comparable only to other over-priced houses, which is useless knowledge. But even you, wise seller that you are, who have knocked your price down by hundreds of thousands (or even millions) of dollars should not expect an offer that comes close to your desired price. It’s not happening.
Okay, that was the broad brush approach, and there have certainly been a few exceptions, but I hate to give you that out because, invariably, any seller reading this will say, “well I’m the exception!”. Chances are, you’re not – we just aren’t as special as we’d like to think we are.