Jan 5, 2008

Actors not exempt from slowing real estate market

The Wall Street Journal reports that Burt Reynolds recently slashed the asking price on his Florida home.

The article states:

Actor Burt Reynolds has cut the price on his 12,500-square-foot waterfront Florida compound for the second time. It's now listed for $10.5 million, 30% below its original asking price. (read entire article)

More sellers will be following suit this year and reducing the price of their Central Florida homes or watching them collect nothing but time on the market.

Related Florida real estate views:

Smart home sellers listen to what the market is telling them.

Home not selling? What does your agent say?

Price reductions - Price improvements - Price correctly


- Greg Staker Watson Realty Corp. 407-304-0255

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