One of the most common mistakes sellers make in this market is overpricing their home.  It is human nature to think ours is better than the others.  In real estate however, the numbers speak for themselves. The quote, "Liars figure, but figures never lie" seems appropriate. The biggest risk with overpricing a home now is that every month the home in on the market the price moves farther down, sometimes 1-2% (for Big Bear) per month. Many times sellers start out too high, and then reduce only to see that they are … [Read more...]