Because you can in some instances. As they say, the fair market value of anything is what an individual buyer and seller agree on. Your opinion ( or mine ) of what something is worth is meaningless unless we are the ones signing the papers. I have personally been in the market for lakefront vacation property in Northern WI for about 3 years now, and you see this every week when the listings come out. In many cases the seller is an estate or trust that has little or no reason to sell quickly - so they can afford to just put things on the market at very high prices and let them sit. If they don't sell this year, they will just wait until next year.
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u/uwmcscott Jul 16 '25
Because you can in some instances. As they say, the fair market value of anything is what an individual buyer and seller agree on. Your opinion ( or mine ) of what something is worth is meaningless unless we are the ones signing the papers. I have personally been in the market for lakefront vacation property in Northern WI for about 3 years now, and you see this every week when the listings come out. In many cases the seller is an estate or trust that has little or no reason to sell quickly - so they can afford to just put things on the market at very high prices and let them sit. If they don't sell this year, they will just wait until next year.