I am telling this to everybody I know. If you want to get your home sold, price it where the homes that are selling are priced. For Short Sales in Phoenix, the homes that are selling are priced at ~$87 a square foot. The ones that are listed? ~$97 per square foot. One a 2000 square foot home, it will sell around $174k but it is priced at $194k. See the problem? Do you see why we have 9.4 months of supply for Short Sale homes?
Unfortunately I have talked to a couple of other agents about this. One of them responded, “we don’t want to drive the value of homes down.” Screw that. The fiduciary responsibility is to get your home sold through a short sale before the foreclosure date.
If you or someone you know need to sell your home for less then what you owe on it, please don’t wait to get started. It can be a long process and the sooner you can get started the better. (480) 389-5199
Keller Williams Arizona Realty