Correctly Price That House!

7.29.2010

Interesting article on correctly pricing a house from USA Today:

Article – Home Prices Will Sell if Priced Right; Foreclosures Have Impact

This particular line from the article my real estate friend Joe called “Shakespeare”:

“Rennie is discovering the cold reality of post-housing-bust prices: No matter what she thinks her house is worth, what matters is what buyers are willing to pay.”

I would have to agree that most people, taking the value of their home too personally, get angry when real estate agents give them a market analysis that they “feel” is too low. I catch myself falling victim to this too – no one cares what we feel our house is worth – it’s worth what the market says it is. And sometimes, that’s too tough for people to swallow…