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Why your overpriced property won't sell » Over 30 days on market should mean price reduction!

22 Jul 2011 (04:30)Author: Administrator

When you have supply of one. This means you can't change it or move it.

Therefore to make demand to meet supply curve, you have to move the demand curve.

To move the demand curve, you must reduce the price.

You keep reducing the price until you get demand.

Once you get demand, you get offers, once you get offers, a sale is possible .

By putting a price on your property that is so far from 'the market ' is pointless. i.e demand never meets supply.