tag:blogger.com,1999:blog-3077386656187888581.post5707437509090968666..comments2024-03-19T22:06:41.165-04:00Comments on fromtheeditr: Housing Market On Comeback Trail, Survey InsistsAnonymoushttp://www.blogger.com/profile/04217963475185024609noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3077386656187888581.post-60352914233467162782011-03-26T07:56:04.385-04:002011-03-26T07:56:04.385-04:00Kathy:
This is a national survey. Our house is pri...Kathy:<br />This is a national survey. Our house is priced at market (or maybe slightly below) and is a good house for the right family, I think. It served us well, but it far too large for Christina to stay in by herself. The neighborhood is worth as much as the house and our next-door neighbor on Belleville is worth $40,000 by himself, I'd estimate, but we can't charge for that and we can't even mention it to prospective buyers. There's so much more than the house to a home and I am not sure that gets the emphasis it needs.Anonymoushttps://www.blogger.com/profile/04217963475185024609noreply@blogger.comtag:blogger.com,1999:blog-3077386656187888581.post-59477862940854319702011-03-25T21:38:42.341-04:002011-03-25T21:38:42.341-04:00Dan, I feel for you, having your home on the mark...Dan, I feel for you, having your home on the market with the market being what it is at present. So often, sellers want to blame their agent for their home not selling, when truly, the seller and and the agent are at the mercy of the market.<br /><br />My question is, is this survey by Prudential a national one or one based on local criteria? My guess is national...and every market is different and I really wish folks would pay more attention to what's going on locally and leave the national hype out of the picture.<br /><br />Yes, I couldn't agree more that real estate is a good investment and yes, the market will recover. Most everything in life is cyclical; real estate is no different, and we will see a seller's market again...it just may not be soon enough for some folks.<br /><br />The 47% of sellers who are willing to overprice their homes hoping to find a buyer willing to pay that price are kidding themselves. They are chasing the market and will spending more in carrying costs keeping their homes and will end up taking less than they would have had they priced it right in the beginning. The longer a home is on the market, the less it is worth. A home has its most value the day it hits the market.<br /><br />The 53% willing to price their homes slightly below market are the ones who will sell. They are the sellers who are allowing the market to chase them, and will be the ones who get the offers resulting in a sale.<br /><br />I do agree with the poll, that it will be another couple of years before we see stabilization in sales and prices.<br /><br />Hope yours sells soon!Kathy B.http://www.eyesonroanoke.comnoreply@blogger.com