SOLD TO HIGHEST BIDDER

WHO and WHAT determines what a home will sell for?

How much the owner paid for it.............NO

What it appraised for at some point.....NO

What the neighbor thinks it worth........NO

A lot more than the sellers owes.........NO

How much seller put into it................NO

What inexperienced realtor says........NO

What seller has to get out of it.........NO

HOMES ONLY SELL FOR WHAT BUYERS ARE WILLING TO PAY AND WHAT SELLERS ARE WILLING TO ACCEPT in the CURRENT MARKET.

Of course, the home needs to "appraise out" as well.

REALTORS DON'T MAKE THE MARKET....WE INTERPRET THE MARKET! OFTEN TIMES THE SELLER IS THE HIGHEST BIDDER ON HIS OR HER OWN PROPERTY. In other words, they believe it is worth one amount, but a buyer hasn't made an offer that high or an offer at all. When sellers decide to overprice above market conditions, they in essence, become the highest bidder on their own home. They end up keeping their home or buying it back away from prospective buyers.

Homes that SELL are competitively priced, in top showing condition and in good locations. When selling your home, make a conscious effort to rid yourself of all bias and personal subjectivity. Pretend you are the buyer. Would you buy your house in light of everything else on the market and how everything else is priced?

If you really need to move...DON'T BE THE HIGHEST BIDDER ON YOUR OWN HOUSE!!! Be thankful for fair market value and move on down the road.

If you really don't need to move...leave your home off the market!