For Sale By Owner

It may not come as a surprise that homes are taking longer to sell than most of us have become accustomed in the past several years.  Longer periods of time to sell and some decline in market value may be effected your area  It may not be as gloomy as some suspect.  Remember with real estate it is all relative.   So if you sell your property for at a lesser value than you may have first hoped chances are you will receive the same decrease in price with the property you may be considering for purchase.  

Dont get lost in the over priced housing market.  Days on market is everything and your price is relative.   Check the surrounding areas for properties that have sold.  Don’t go on list prices but on sold prices.  It is also wise to check any concessions the seller may have made for the buyer.  Sites are available where home values are easily calculated for you.  Remember the value of the property is not yours to decide.  As with anything value is set by what someone else, in your case a home purchaser, is willing to place on it.  If you are not priced right surely you will not only have a longer waiting period for selling the property but may run the risk of getting an unfair offer.  Check your area prior to placing your property for sale and when purchasing do the same with the property prior to making an offer.