We're seeing almost nothing but low ball offers right now. And, unfortunately, that seems to be the case even when the house is clearly already priced very aggressively. In the most recent case the agent agreed that the price was competitive but said his clients were unable to afford any more. I guess you never know until you try!

But here's the dilemna. Prices need to fall. If all the sellers are keeping their prices artifically high because they know they'll get lowballed. And if buyers are not looking at the houses because they believe the pricing is still too unreasonable we're kind of at a stalemate!

Somebody has to blink first!

So, if you're a seller give me some feedback. Are you pricing your house higher to factor in the almost certainty that you'll get a lowball offer? If you're a buyer, if you saw a house that you loved and the comparables clearly showed that the pricing was reasonable, would you still lowball?

Agents, how are you advising your sellers when setting prices and your buyers when making offers?