85% of property sellers drop prices
http://www.iolproperty.co.za/roller/news/entry/85_of_property_sellers_drop
“Before 2008, a property could have sold within a few weeks with the average period being six weeks to two months,” Slot said.
The average property sale is taking an estimated five months and 85 percent of sellers have needed to reduce their asking price to make the sale.
(via Instapaper)
Read this article if you intend to sell your property. This will show you why you have to think realistically about the price of your property. There’s no use asking too much if you will not be able to sell, and still have to reduce your price in the end.