Quote:
Originally Posted by pnut_lee
Strictly academic since I have seen so many cars between here and RL that have been bumped way too many times.
How long before sellers need to take a hint that the asking prices might not be aligned with current market demand?
I think after 4 weeks it’s time to re-evaluate either the way the ad is written, or provide higher quality and quantity of photos......maybe a slight price adjustment. After 8 weeks, time to consider a 10% drop. Nearing 3 months on market.........put the car away until either market catches up or you accept reality and price accordingly.
I have no issues with people starting high, but obsessing with that high number hoping to cash in just looks silly. I don’t understand these sellers. Maybe this is just the effect of a cooling market. Sellers bummed that they didn’t sell a year ago, and still hanging on to those prices.........
|
You'll find lots of car that are over-priced on most of the selling platforms, these are usually dealers that are hawking consigned cars. So they don't lower the price because they can't, it's not their car. This gives an artificial view of the market, making it look stagnant when it isn't. If you price a Porsche right, it sells quickly, my inventory never lasts long.
---Adam