Self-fulfilling Prophecy

The expectation of rising prices became a self-fulfilling prophecy as friends, employees, and relatives tried the FLIPPING.
The prevailing mindset was "if they can do it, so should I". More often than not sellers disregard the good advice of honest market value assessment. They keep alive the illusion that things will improve. Most real estate agents prey on these feelings by making promises that will never be fulfilled. They lie in order to "get the foot in the door". Once they have your house listed, they begin the opposite task of telling you that the market reality is that your home value has plummeted. At that point, it's very hard to change your mind and list your home at a more realistic asking price. But the truth is that whoever lowers their price first will be the lucky one to actually sell their home.


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