This assumption on an owner's part that a neighbor is asking such and such for his property and that must make mine worth such and such, plus some, is erroneous but I often encounter it. I choose to deal directly by explaining that asking prices which are too high do not increase the value of surrounding properties. If you price your property in accordance with overpriced listings in your area, you will wind up just like them.
On the market for lengthy periods of time ( some times for years) with few if any showings, no interest and after a while the feeling that something must be wrong with that house-because it has been for sale for a long time. This is not the way to get your property sold! Again, it must be placed on the market at what it is worth today, not what it was worth several years ago.
If you can not accept this fact, do not attempt to sell as it will be an act of futility. Some unrealistic sellers want to blame difficulty in financing in general as the reason their property has not sold.
On the market for lengthy periods of time ( some times for years) with few if any showings, no interest and after a while the feeling that something must be wrong with that house-because it has been for sale for a long time. This is not the way to get your property sold! Again, it must be placed on the market at what it is worth today, not what it was worth several years ago.
If you can not accept this fact, do not attempt to sell as it will be an act of futility. Some unrealistic sellers want to blame difficulty in financing in general as the reason their property has not sold.
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