With the sunshine finally peeking out we are seeing more traffic through Open Houses and more Showings. So, why are homes sitting on the market even when there has been considerable amount of buyers through it?
One agent, Djanna Morris, from the DC area, answered this question in her recent blog:
“Here’s a real estate fact that every home seller should know: Buyers determine the right price for a property, not sellers. The market price for a home is determined by what an able and willing buyer ultimately pays for it. There are certainly things that homeowners can do to influence buyers’ perceptions of their home’s value and hence increase the price buyers are willing to pay for it. But, ultimately, the buyers will set the price.”
To find out how buyers determine the worth of a home click here!
