I love this article. It's right on too. I've had sellers tell me "I won't give my house away," referring to a price the home might sell for that was lower than what they'd take. Really? Your house is only worth what the market is willing to pay, NOT what you are willing to sell it for. And in a lot of cases it may not be worth what it "hypothetically" is worth on paper. Some homes do not sell for what they "should" appraise for on paper. But boy do sellers want to hold onto that "market value price" once they hear it. The market doesn't care what you have into it. The market doesn't care what you have to get out of it to move on. If your house isn't worth what you are asking, it won't sell period. I always tell sellers that "the market will ultimately tell you what it's worth." I've had sellers tell me they will just wait for the market to come back so they can get what they want. Really? How long are you willing to wait? You willing to wait 2 years? 5 years? 10 years? How do you know how long it will take?
It's called denial baby. And lots of sellers have it trust me.
The minute your home is on the market the "time is money" theory kicks in. You are much better off selling for a lower price than you expected than waiting for years for the market to improve so you can get your "price."
So read this article about why your home isn't selling. It certainly applies to Parker CO real estate and all real estate in Colorado.
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