Money Mistake #5 - Getting Stuck in the Past & Overpricing Your Home For Sale (Money Magazine) -- Remember what your home was worth in 2005? Wipe that number from your memory. When you let an old value -- of a stock or a fund or your house -- get in the way of a smart financial decision, what might seem like harmless nostalgia can become a costly mistake. Investors have long suffered from this problem, refusing to sell underperforming stocks and funds in the hopes that the price will bounce … [Read more...]
Pricing Your Home to Sell – No, You Cannot Party Like It’s 2005.
Filed Under: For Sellers, For Sellers, Home Selling Tagged With: money magazine, pricing your home
HVCC Current Appraisal Rules: The Law of Unintended Consequences for SF Home Sales
The Law of Unintended Consequence: When an action leads to results that were unanticipated or unintended; can be positive or negative The current home appraisal rules (HVAC) have had a myriad of unintended consequences. The intent of the guidelines was laudable: to help make the home valuation process more objective. The idea being that shady appraisers, Realtors, mortgage brokers, buyers and sellers helped create the over-inflated housing mess. I have a couple of issues with this approach. 1. … [Read more...]
Filed Under: Economic News & Market Updates, Home Buying, Home Selling Tagged With: appraisal, hvcc, pricing your home
