FSBO Takes Me to Task on Pricing Strategy

Seems I caused quite a stir over at Park Cities People blog Overheard. I may have been a little cheeky with my thoughts on the pricing strategy of a home on Beverly Dr. in Highland Park but I certainly didn't expect this type of reaction from one of the homeowners and their friends. You see, they had their home for sale by owner for 2 months at $2.25 million and recently listed with a Realtor for $2.495 million to cover their closing costs and commissions. Am I stupid for thinking a buyer will see right through this?

Check out the post. But more specifically, pay attention to the comments section. Did I really need to respond to their ranting? No. But you should know by now I can't resist a good argument.

My New BFF

My good friend and the most polarizing blogger, Merrit Patterson over at Overheard, sent me this link from Lance Puig and his York Street Blog. The money shot?

"...if you were to remove the three most speculative markets from the mix (California, Florida and New York), you would see that the rest of the country for the most part is not doing all that bad."

So there you have it. I. Told. You. So.