Should you Overprice or Underprice Your Home for Sale?

anchorShould Home Sellers Overprice or Underprice Real-Estate Listings?
Source: The Wall Street Journal

When setting an asking price, there are two major strategic approaches: overpricing when inventory is low to get higher initial offers, or pricing homes below nearby properties to instigate a bidding war in a market with pent-up demand. But what’s the best method? New research on a behavioral trait called “anchoring” sheds some light on the power of price.  Read the full story

Click Here to to find home values in your neighborhood to help price your home for sale.

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Do you ask Mom and Dad for the cash to buy that home?

parent loanAsking Mom and Dad for Cash to buy that Home

Source: Wall Street Journal

Loans from family members could go the extra mile in making a down payment, but financial experts say parental help is most useful when it comes as a gift rather than a loan during the mortgage application process. A family loan may not be viewed favorably by a lender and could lead to disqualification for a mortgage since the loan is considered unsecured debt.  Read the full story.

Click HERE to find out what your home is worth in today’s market.