Sell the deed without giving in to emotional need
Adhering to the subjective value lengthens the amount of time a property will be on the market, as homebuyers are more likely to prefer and purchase larger and better homes in the same price range. Also, should the subjectively-set asking price on a home later be lowered to conform to market norms, this may actually further discourage the sale of the property. Homebuyers may become wary and suspicious as to the reason the home has remained unsold for so long.
In addition to setting an objective asking price, it is also important for the home seller to consider every offer given seriously, especially within the first two weeks that the home is on the market. In fact, homes generally get the most attention at the start of their listing term; however, the first offer made is often disregarded by home sellers, holding out in the hopes of receiving a higher offer. […]
Original post by mikejohns