ASSESSING REALISTIC HOME VALUES
January 26, 2010
Home values are constantly fluctuating, up or down, within local and regional markets. Coming up with the right figure is vitally important to an owner who is deciding on an asking price for his home. If it’s too high, the owner will be cut off by competitive offerings and it will be hard to remove an “overpriced” stigma in the view of brokers and prospective buyers. If it’s too low, the owner-seller will obviously lose money.
Some owners depend on value estimates offered by online services. This is usually a mistake. It might be a helpful beginning, but not a