Is your house worth that much?

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A green arts and crafts style home with a brick fire place, large front porch, and lush green lawn

07/10/2015 | Author: Marty Kramer

It has happened again. A for sale sign went up in my neighborhood, and when I saw the asking price for the home, my eyes went wide. I couldn’t believe that house was worth so much.

It turns out buyers were thinking the same thing.

More than two months later, the owners are still trying to sell their property. The price has been reduced several times—more than 20% from the original number.

Meanwhile, other nearby homes have come on the market and sold—some in a week’s time.

How can you avoid a scenario like this? Start by working with a Texas REALTOR®. Your REALTOR® has in-depth experience and knowledge of the activity and values in your neighborhood. By looking at data with him or her, you can come up with a price and strategy to sell your house for the highest possible amount … without it lingering on the market.

Categories: Sellers
Tags: selling, sellers, listing price, overpriced


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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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