‘Full House’ Home Sells for Under Asking Price, and Here’s Why

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You would think that such a famous home would easily get its asking price, right? In this case and many others, it isn’t always that easy.  In this example, the home sold for $4 Million but was originally listed for $4,125,000. Why did it go for less than the asking price?

At the end of the day, a home is worth what a buyer is willing to pay for it and not just what the owner is willing to sell it for. No matter how famous.

The problem with unique homes is that the sellers tend to feel that their style will translate into a higher selling price. Unfortunately, not everyone has the same style and what appeals to one owner, may not appeal to another. Some enjoy a contemporary and modern home, while others will pay more for something classic and retro.  It all depends on the person.

This is why it is so important to work with an experienced Realtor who is in touch with the local market and can pair your expectations with an attainable listing price.  This can help reduce the time to sale and save you money and frustration. Contact us today and let us show you what our team can do for you!

Read the Original Article Here: ‘Full House’ Home Sells for Under Asking Price, and Here’s Why

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Learn if the Incline Village & Crystal Bay luxury real estate market is starting to slow down or simply normalize. The luxury market is defined as Residential Homes and PUD’s $2,000,000 and above.