As a homeowner, it is natural that you want to wait for an offer before lowering the price.   However, this presents a serious risk: You will likely never receive any offers, as buyers only see houses a little above what they can afford. This is explained in the graphic above.   In other words, at a high price, your property will be i

Since Spring 2020, homes have been working overtime. Kitchen tables turned conference rooms, garages turned gyms and bathrooms turned spas. As many parents and caregivers prepare to welcome the upcoming school year, they’re also looking to update their homes to become places for young minds to grow. What may have felt temporary earlier this year has begun to feel a bit more permanent; that makeshift desk on a card table or kids taking Zoom calls from the couch may not cut it when you are staring down another virtual school year.

It is common to want to go to hit the market with an inflated price, thinking that you can always lower the price later.   But listing at a price above the market value is a mistake. This is because by the time you finally accept the market price, customers will have lost their interest. Some will bid too low, and you will probably end up un