Taos, New Mexico: Sellers don't chase the market!
I just read a funny article by Paul Pastore who is a Realtor and a writer for Real Estate journals. He makes an analogy about sellers chasing the real estate market the same way dogs chase a car: in other words they never catch it. He also poses the questions "do sellers think that theirs is the only castle for sale?" Or will the "smell of lilac bushes sway a buyer so much that it will temporarily cause the buyer to forget the competition?"
It is Mr Pastore's opinion that seller must price their property 10% below market value in order to sell promptly and avoid being left in the long line of expired listings. He cautions about getting a property stuck in yesterday's price market.
Taos has currently 270 plus expired listings! Let's stay out of that rut.