Have you received the bad news yet...the market is changing. I recently sold a home that I believe according to the comparables that was adequately priced. I pulled up the comps (like we all do) and agreed with the sellers on a reasonable price as I thought that there would be plenty of wiggle room for this buyers market that we are in. We got an offer relatively quickly with seller ready to pay the market price and my clients were excited. But then the dreaded appraisal came in 10K below market value. We were stunned...the closest house was 200 sq ft smaller than ours..we had all the upgrades in this house. It was without a doubt the superior product in its class. The kicker was the market is changing and prices on homes are coming down.
Who is ready for the changing climate? Is there a chance for a homeseller in this market. Suggestions and comment are greatly appreciated