A Normalized Sheridan, Wyoming Real Estate Market Requires Rational Prices

Helping Sheridan County Home Sellers Implement a Smart Pricing Strategy

While Sheridan, Wyoming has not encountered the wild swings of home values like many other areas of the country, we have seen a shift to a more normalized real estate market condition. Sheridan home sellers have preconceived notions of the value of their homes. Often When given the value of their Sheridan property based on a comparative market analysis (CMA), many sellers ignore the data these analytical findings reveal in favor of what they think their home is worth. Their idea of their home's value is often based on several assumptions.

Sentimental Value

Many Sheridan County home sellers also think their property is worth what they may have paid for their home. Some Sheridan, WY home sellers base the value of their home on emotional memories that are attached to their home. Lest we forget, selling a home is an emotion-charged event. Tactfully advising home sellers, for many Sheridan real estate agents, is a lost art. Some agents would rather yield to the homeowners idea of value and secure the listing even though chances are high the home will never sell until the price is reduced to a rational price point.

There's more to this story....

For the complete story how Sheridan home sellers should approach pricing their homes using the best practices to accurately establishing value, read more here>>>

Our Holiday Season's Wish To You!

On behalf of the entire team here at CENTURY 21 BHJ Realty, Inc, may you and yours experience great abundance during this holiday season and all through 2008!

Until my next post, 

Bruce Garber
Your Sheridan , Wyoming Real Estate Resource