How to Sell Your House

[Smiling JOe]

That has always been the method. :roll:

I think you meant to say that has NOT always been the method. Remeber 2004. If it didn't sell, everything around it was selling, and as the sales prices increased, so did the list price on the house which had sat there for four months. After the people realized the prices weren't coming down, they jumped on the house at the higher price. Fear controls sales. It is either fear that people will not be able to buy into the market or fear that they cannot get out of it. As quickly as a light can be switched off or on, the market can shift.

 

[Smiling JOe]

... Of course, if you want to sell at 60% of your home's value...you'll probably find a buyer.

I thought a home's value was the price at which a buyer is willing and able to pay to purchase it. If that is the case, it wouldn't be 60% off of the home's value, though it might be 60 % off the list price.

 

[JoshMclean]

$225 a quarter Shelly.

 

[SHELLY]

$225 a quarter Shelly.

Dat's pretty cheap considering the size of the cee-ment pond!


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[JoshMclean]

I thought a home's value was the price at which a buyer is willing and able to pay to purchase it. If that is the case, it wouldn't be 60% off of the home's value, though it might be 60 % off the list price.

I would say a home's value is dictated by what comparable homes are selling for. A buyer may be willing and able to buy a home for $100, but that does not make the home's value $100.

 

[Bobby J]

Good thread....I feel the market is moving along fine. Price it right and you will get a buyer. I have a file full of pendings to prove it.

 

[Smiling JOe]

I would say a home's value is dictated by what comparable homes are selling for. A buyer may be willing and able to buy a home for $100, but that does not make the home's value $100.

Caught me on that one. Should have said that the market price is the highest price which a buyer is willing and able to pay for the property or comparable property under normal conditions.

 

[Smiling JOe]

Good thread....I feel the market is moving along fine. Price it right and you will get a buyer. I have a file full of pendings to prove it.

Looking at the sales for single family detached homes and condos for March, I would say you are spot on. ;-)