With the market as it is why am I seeing more seller who think their home is worth more than what Market Value is?
Here is what I am seeing:
•1. They want to go to the next house without Private mortgage insurance.
•2. They owe too much on the house they are trying to sell
•3. They hear that the market is doing better so their home must be worth more.
•4. They will not sell it for Assessed value or less than because, They shouldn't have too.
•5. Their home is better than the five other houses in the neighborhood that are on the market for around what they want to sell it for.
•6. If a buyer wants the house they can offer less we need to have room to negotiate.
What other reasons have you heard. What are your response's to these?
What have been your challenges and solutions to pricing a home above market value?