A survey of home buyers and sellers taken earlier this year by HomeGain.com, a real estate services website, indicated that 76 percent of homeowners believe their house is worth more than the list price recommended by their real estate agent.
Not surprising, since homeowners have an emotional investment in their property. They have memories and nostalgia wrapped up in four walls and a roof. In reality, your house is worth what a buyer is willing to pay for it. No more and no less. That figure doesn't always jive with the homeowners opinion of the value.
Home buyers today usually have a better handle on the value of a property than the home seller does. Buyers are out there looking. They know what's on the market, how long it's been listed, what sells and how quickly and they can usually pinpoint why a property doesn't sell.
If you are thinking about selling, rely on logic rather than emotion when pricing your home. It also might be wise to enlist the help of a Realtor to have a third-party provide expertise and guidance.
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