Start a new thread to discuss what should a potential house Seller do in a down market.
1. Don't overprice. If you decided to sell your house in the down market for whatever reason, the best thing is not too overprice. Unlike the up market when everything looks booming, there's always someone willing to pay, it is very different in the down market. Now there are less buyers, and potential buyer takes more time to evaluate his options free from pressure to make decisions, do his own thorough research, compare similar houses. Overpriced house ended up staying in the market for longer than it should with potential buyers want to know what's wrong with a house that hasn't sold and it may lose the best opportunities to sell for the best price and eventually settle for a lower price.
1. Don't overprice. If you decided to sell your house in the down market for whatever reason, the best thing is not too overprice. Unlike the up market when everything looks booming, there's always someone willing to pay, it is very different in the down market. Now there are less buyers, and potential buyer takes more time to evaluate his options free from pressure to make decisions, do his own thorough research, compare similar houses. Overpriced house ended up staying in the market for longer than it should with potential buyers want to know what's wrong with a house that hasn't sold and it may lose the best opportunities to sell for the best price and eventually settle for a lower price.
