http://tinyurl.com/mq5zn7 This link to the Wall Street Article mentions a home sellers dilema when pricing their home. The advice given is sound, from a professional's standpoint. When pricing your home one must really consider several factors that this article points out. First I would look at the what the competition is priced at and second, I would look at what the competition sold for. With the revised rules regarding appraisals, the price of a home is no longer what the seller is willing to sell for and what the buyer is willing to pay. The new third party to this equation is what is the appraiser willing to bless? Local experts are a valuable source of information, including appraisers.
Are we in a recovery market? I can't answer that question. But for starters Waukesha County lists 95 foreclosure sales are scheduled for the remaining days of August. I don't think we are in a recovery mode yet. Time will tell.
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