Wednesday, August 06, 2008

Zillow - Misperception of home value

Zillow reports (see link above) that the majority of Americans think that their house increased in value last year while the reality is, few did. This is very much like the reaction we agents get when, giving a price opinion, we show the seller a list of comparable house sale prices and are met with, "but my house is special". So is your wife, and so are your kids, but they're all a drag on the market. Get real (and yes, I'm just kidding about your wife and kids - I'm sure they're just adorable).

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