Buyers Control Today's Market

Bradenton - Sarasota, Florida home-sellers aren't the only ones having a tough time. I just read this article today...

Today's tough housing market is pitting neighbor against neighbor in the selling wars."We're not grumpy with them," said Ken Koch, whose Cape Coral home is for sale and sandwiched between two neighbors homes for sale."Although I don't know if they're grumpy with us."

Ken and Wilaiwan Koch have had their home on the market for five weeks and already lowered the price $10,000. Their neighbors to the right, Rachel and Brett Bonham, have dropped their price from $345,000 to $269,900 since November. Their neighbor to their left, Peter Hadden, reduced his home from $344,500 to $309,900."It's frustrating," Ken Koch said. "People have money, but they are waiting for the prices to go down. It's frustrating for all of us."

But getting angry at a neighbor for lowering their price isn't fair, said John McWilliams, Realtor for Coldwell Banker."You can't control the market," McWilliams said. "It sounds good to say, 'Let's all stick together,' but buyers are more sophisticated and shop and compare." .....

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