Thursday, March 1, 2007

Pricing in an adjusting market

I wrote the linked article in an effort to discuss strategies that sellers may want to employ in order to move a home in various market cycles. Obviously, selling any commodity in a sellers market is easier than in a buyers market. However, I've also noticed that in the real estate market there are two general flaws that people find. First they make an illogical assumption that the real estate market always goes up and that there should be a return on their investment regardless of the market trends. Second, people tend to get emotionally involved in a home purchase (often even an investment home) and refuse to accept market conditions. You can see the original post with a little more formatting at http://www.adamscameron.com/pricing.cfm.

Adams, Cameron & Co. is the Volusia and Flagler County area's largest real estate company. and while the statistics are directly pulled from that area, the concepts should apply anywhere.