Daily Archives: March 12, 2009

Need more lipstick!

ag-lipstick

Despite the realities, sellers (& buyers) remain emotional on price

Homegain recently conducted a survey of 700+ Realtors ® nationwide, the results of which surprised me a bit.  It seems when it’s our home, we feel it’s worth more than the home next door.

Delusions of value

45% of homeowners think their homes should be listed 10 – 20% higher than what their Realtors recommend.  Nearly 20% think that their homes are worth 20% higher than their Realtors’ recommended listing price.  In other words, ~65% disagree with your professional opinion.  Opportunistic homebuyers are experiencing a similar disconnect with only 18% of believing homes are fairly priced.

Emotional appraisal vs. reality

Read the rest of this post on AgentGenuis

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