What if your home were mis-priced by $100, $10, or even $1?
By Ronda Allen
(RE/MAX Dallas Suburbs: Prosper, Texas)
What would happen if your home were mis-priced by $100, $10, or even just $1? What if that amount caused a error so big that your home sat on the market, with only a trickling of showings, for six months to a year or longer? We have fewer buyers in DFW than we did in 2007. It's fact. Even though our market has done pretty well in comparison to the rest of the major real estate markets in the country in 2010, lending restrictions, credit problems, and low consumer confidence have resulted in bringing fewer viable buyers for us to serve than just a few years ago. We are still in buyer's market conditions in many parts of the Metroplex, although not in all (and that's a critical error some buyers are making in our market - assuming they can blanket the Metroplex with the assumption of...