Friday, December 16

Home Buyers continue to overvalue their homes

from RISMedia (12/06/11) Cook, Steve

HomeGain's fourth-quarter survey of 400 real estate agents and brokers and more than 2,000 homeowners shows an increase in the number of sellers who believe their dwellings are worth more than the listing price recommended by the agent to 76 percent from 73 percent last year. 


About 68 percent of buyers consider homes to be overpriced, and 32 percent of these respondents estimate that homes are priced more than 10 percent above their actual worth. However, homeowners agree with agents and brokers about the direction of home prices over the next six months, with declines predicted by 42 percent of real estate professionals and 37 percent of homeowners. 


The number of agents and brokers anticipating price increases rose to 15 percent from 4 percent in the third quarter. Over the same time span, the number of homeowners expecting gains climbed to 15 percent from 12 percent.



RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams.  In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions.

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