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Posted by BobbiCT on 7/15/19 6:50am
To quote a very very long time Professional Appraiser and occasional seller's agent: "You house is only worth what someone else is willing to pay for it."
1. It's not a "home," it's a house.
2. "Occasional" because when talking with a person who wanted to list their "home" for sale, he would quote a range. Quite a few times the "high" was too low. OK, that's the most he would list it for ... the person walked away and listed the house with an agent who PROMISED them a much higher selling price - more what the person wanted to get. May have lost the commission, but often smiled when we read that the house 6 months to a year later sold for at or often below what he would have listed it at (with the price being reduced by $5,000 every 3 months or the seller switching to ANOTHER real estate agent).
3. Lesson sellers, once buyers, don't learn: List at a reasonable fair market value price today and sell in a realistic time fram. ANY real estate contract will have a 1) subject to an appraisal, 2) subject to financing, which is contingent on the appraisal, and 3) unless it's fixer upper (little or no financing) subject to a home inspection - where the inspector finds your septic tank needs repair or there's mold in the attic or basement that needs "certified removal" before the buyer's lender will approve a loan on that house. |
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