Q. I want to move to a bigger house but every agent I talk to tells me I won't get what I want. It's not that I "want" it, I need it be able to make a move.

A. If you're serious about selling, better to price where the market is selling rather than 'chase the market down', by continuing to reduce your price. This usually results in a longer time on the market plus a perception by buyers that there is something 'wrong' with your house because it has been on the market so long.

That said, you can ask whatever you want for your home. The rub comes after you've found a willing and able buyer ready to pay your price because your home needs to appraise for the selling price. Appraisers will use the very same comparable homes that the agents have shown you.

Remember, the beauty of this market is that although you'll take a hit on your home, you'll also be paying a lower price for your new home!
 
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3 Comments on MI Real Estate Answers: How Can I Get What My Home Is Worth?

MAR
14
1 Featured Post Outside Blog

I still hear this so many times a week.  It's amazing what sellers think!

3:55pm • #1
APR
02

Some sellers still haven't come to grips with the reality of todays market.

7:13pm • #2
APR
20
3 Featured Posts Localism Sponsor

"Remember, the beauty of this market is that although you'll take a hit on your home, you'll also be paying a lower price for your new home!"

Oh you SO nailed it! I use this logic at least daily! Great minds think alike? Great post Debra!

Semper Fi!

9:46pm • #3

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Debra Drummond | MichiganMoves Real Estate in SE Michigan

Plymouth, MI

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Address: 15720 Farmington Road, Livonia, MI, 48154

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