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The Critical Importance of Ensuring Your Home Is Correctly Priced
While it is great to be able to consistently report how well the local real estate market is fairing, it's also true to say that correct pricing of your home is still a critical element in the selling process.
Although fast sales and multiple offers are much more commonplace these days, and even as inventory of available homes for sale struggles to keep pace with current very high demand, it's still very still possible to price your home above true market value, with serious consequences.
Unfortunately, it's so simple to get a false impression of what your home might be worth and the central culprits for that perception these days are the various generic home pricing websites. These are notoriously inaccurate. Each website uses different calculation methods to arrive at a quoted price for your home, so there is no consistency. They also gather their information from the county assessor's office, so if you've made an addition on your home that wasn't recorded by the assessor, then your value will not be accurately reflected on these sites.
Generic sites are always pricing from an historic perspective, meaning that their prices are based on information that's at least three months old.
This isn't to say that ... more
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