Photo courtesy Sean Dreilinger via Flickr

According to the article that was published in USA Today on July 28th, home sellers are learning some tough lessens about pricing their home.

Perhaps the most telling lesson is that when a home is priced appropriately it will generate high traffic and interest. According to the article, nationally more than 30% of homes on the market in June reduced their price during the month. This offers us further evidence that home prices may still be a challenge for home owners and for real estate agents.

It is still evident that home buyers continue to hold some measure of extra power.

If you would like to read the entire USA Today article, follow this link.

Home buyers are becoming more demanding as the real estate market is returning to the “pre-tax-credit” envrionment. When the tax credit was in effect there was some feeling that sellers were being stubborn — thinking and positioning that buyers were getting the credit — why should the seller reduce the price or otherwise negotiate further. Now, with the expiration of the tax credit, buyers are re-asserting their leverage.

According to an article by The New York Times:

“Exacting buyers are upending the battered real estate market, agents and other experts say, leading to last-minute demands for multiple concessions, bruised feelings on all sides and many more collapsed deals than usual.”

You can have direct access to the complete New York Times article by clicking here.