The past four to five years have been dominated by short sales and foreclosures. With the market increasing, some sellers find themselves with some equity. In turn, the selling market is changing.
Many times it is very close for an owner to sell, pay all the associated real estate selling fees and get out unscarred.
Sellers have to remember that they can’t price the property on what they want or what they need to get out. The property is worth what the market value is.
So we now find regular sales are sitting on the market a bit longer because sellers want their price whether its worth it or not.
When you go to list your property, you need to let your REALTOR® know if you would like to sell in the next few months (and price it at market value) or you want your price and will wait as long as it takes.