There is widespread investor resistance to selling an asset that has depreciated in value, especially a home. In fact, there is a term for a homeowner’s refusal to sell a property that is worth less today than it was worth before 2008. "Anchoring” is the insistence on staying put and refusing to accept the fact that a homeowner will not make as much on the sale of his or her house as he or she might have four years earlier. The problem with this stubborn stance is that housing prices may take years to rebound. In the meantime, downsizers could be moving into smaller homes that cost less than they did four years ago and also cost less to maintain.
Does this sound familiar? If you are considering selling property, it is critical that you price it realistically. Otherwise, you will not attract the appropriate, potential buyers. CENTURY 21 SEXTON & DONOHUE can provide you with an up to date market analysis that accurately suggests the most realistic price point for your real estate. To learn more, reach us today at (781) 665-6660. We will meet with you, provide you with a free market analysis of your home, and discuss and individualized marketing program with you. The office is conveniently located at 29 Essex St., just across the street from Shaw’s. We are "A Team Effort”. We will exceed your expectations!
HINT: Even if you are an empty-nester with a large family home that is totally paid for, taxes and upkeep can still eat away at your budget, while downsizing can set you up financially for the rest of your life.
CENTURY 21 Sexton & Donohue
