April 22nd, 2008 9:42 AM by Lehel Szucs
Thinking Points For Sellers
What you might have sold for a year or two ago is irrelevant. Properties sell for the best price obtainable in the CURRENT market—and not a dollar more.
If you sell for present market value, even though the price is less than it would have been in the past, you can reinvest at the same relatively lower range.
If your present property has appreciated in value over the years, a reduced price affects only "paper" value, which you never actually realized.
If you genuinely want to sell and have a good reason for doing so, there is little to be gained by waiting for "things to get better," especially if you'll be reinvesting in the same market.
If your home has been on the market for a considerable period of time and is not attracting the attention of prospective buyers, it is OVERPRICED (end of sentence).
If you are unprepared to accept the best offer obtainable from the best buyer available in the present market, you should NOT list your home for sale!