Friday, April 3, 2009

Harpooning Housing Value


Pricing today's properties is like harpooning a dropping target in the ocean deep. During the high of the market it was the reverse, everyone was aiming for the highest value for their property as prices were soaring, even high priced listings could wait for the market to catch up. While in today's market, pricing a house too high could mean a loss in profit as housing values continue to sink. On the upside, real estate is seasonal. Sales are up during early Spring and goes back down in Fall.
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