With markets fast changing what is the best method to price real estate. In a declining market is an appraisal that uses homes that were sold 6 months ago accurate. If so how does the market decline. Over or Underpricing your a home could be devastating to the seller. If you over price the home it sits on the market, and gradually eats up the equity as the monthly holding costs (Payment, Insurance, Taxes, Maintenance, Etc) are paid out of your pocket. The end result is the home price drastically being dropped to make it sell or sitting on the market for months for the right buyer to come along. The seller is left with alot less money.If the home is underpriced the seller leaves money on the table. I don't know anyone who likes to hand out thousands of dollars. Especially for nothing. If...
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