Remember the show Truth or Consequences? Many home sellers are playing that game right now and it’s sad to say that many real estate agents out there are colluding with them.

We’ve written many posts trying to assist homeowners with some of the more difficult aspects of selling a house and choosing an agent –

• #1 Tip for Homesellers
• Does Your Realtor have YOU hog-tied?
• Proactive Foreclosure Prevention
• Perfect Time For MoveUp Buyers
• Help U What?

The list goes on and on, but pay attention to these:

• #1 Know what is happening in YOUR local market
• #2 Get the truth about the current market price of your home

If you don’t get the truth – YOU – are going to pay the consequences.

Home prices drop for third straight quarter – Realtors report that markets are still softening

NAR asserted that the price stats exaggerate the actual home price decline. Unit sales have fallen far more in high-priced areas than in low-priced ones, essentially shifting the mix and pulling down the median price nationwide, it said.

Home-price forecast: First ever decline – National Association of Realtors cuts 2007 forecast; would mark first drop since it began tracking values in 1968.