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. But how should you price your home: high, low or 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 what it’s really worth with luck 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.
Blog Category: home sellers
Markets react. Markets fill holes. Markets never stand still. Markets change. Markets go up and down. Knowing all of this, it makes you wonder what sellers are waiting for! Where are all the sellers? All we hear about in most real estate markets is the lack of inventory. We hear that sellers are still stung by the real estate correction and are waiting “a bit longer” for values to recover before selling. I would advise people that are thinking of selling to repeat the above statements about the market a few dozens times, and then call a realtor and list their property for sale.