Tuesday, June 7, 2011

News: "Catfish Recovery"

Reported by RISMedia:  This article suggests that current times represent a "catfish recovery"  houses are being more moderately priced and like catfish they sit on the bottom and bob up and down over time.  This is very accurate to what i have noticed in Boulder's market.  A lot of homeowner's believe their home is worth "X", which may be right, but if you want your home sold you need to take a second look at WHO is buying your home and understanding that buyers are cautious right now, so you need to head the advice of your Real Estate Broker and trust him/her to get you the best price for you home.

<http://rismedia.com/2011-06-07/catfish-recovery-out-swims-case-shiller/>

*Seller's: look at your home as a trade-off when you sell your home.  If the market is poor and your Real Estate Agent tells you your price is high, the odds are the home your are purchasing is in the same boat, they are selling below what they believe as well so the deal comes out even in the end.

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