Blog Category: home sales

confused

Is It Better to Overprice or Underprice Your Home For Sale?

When sellers set an asking price for their home I always imagine big dollar signs in their eyes. Most human beings suffer from wishful thinking and confirmation bias. How should you price your home: high, low or right at market value? In other words, should you overprice or underprice, or price it right at market value? If sellers are underpricing they may hope to sell faster, or hope for a bidding war. Overpricing a home may allow you to get more for your house than it’s really worth with luck and hope that one buyer loves your home. Underpricing or overpricing your home can be a gamble. And the best thing you can do is come to terms with how much your house is really worth. Read More

spending money

Spending More Money Saves Money?

How much to spend on real estate? Does spending more money in the short run save more money in the long run? That may be the case with real estate. When you consider the transaction costs involved in buying and selling real estate, you need to be thinking that you are buying something that you’ll love and will want to stay in for as long as possible. This is to avoid repeating the transaction costs too many times over in your life. Read More