Don't underestimate the power of the seller being under water on their property. Many people are not anxious to bring a big check to the closing.
Also consider that people have been putting their properties up for sale at high prices on Winni for an awfully long time, even when the prices were at the high. If someone buys it for the asking price, great. If they don't, what's the cost. They have a place on the lake. The real problem with the strategy these days is the banks are not going to lend the exaggerated selling price which cuts the pool of available buyers.
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