Thursday, April 30, 2009
Tuesday, April 21, 2009
I was recently reading my favorite real estate publication when I came across an article titled,
"SURVEY: Owners Still Overvalue Homes." (RISMedia Real Estate/April 2009)
By the numbers, this is what their survey found:
- Close to 50% of homeowners think their houses should be priced 10% to 20% higher than their sales agents have recommended.
- Fewer than 20% of agents nationwide are reporting that homebuyers are telling them that homes on the market are priced fairly.
- Almost 60% of agents say potential buyers are telling them that home asking prices are too high.
Our own Willamette Valley Multiple Listing Service shows most sales in the Salem/Keizer area are occuring at about 90% of asking price!
Looks like we have an expectation gap!
Here's the bottom line; if you want to sell, most likely, get ready for some tough news - and let's not kill the messenger!
On the upside - think what you can buy!!!