Overpriced? How to Tell

Real Estate "Natural Laws"

Every Realtor with any experience can echo the following sentiments:

If your home is on the market and no one is looking at it, it is priced too high.

If Buyers are looking at it, but no offers are coming in, it is priced too high.

If it is priced too high, and by some miracle a Buyer does make an offer . . . it will be a low offer.

--Teresa Boardman, "Low Appraisal . . . But Why?"; St Paul Real Estate blog (8/13/09)

Real estate "natural laws" are not as immutable as the ones in physics (gravity, inertia, etc.) . . . but the above come pretty close.