In House Pricing, Own Up to Flaws

Even when home sellers take their Realtor’s advice in terms of pricing, there may be certain factors beyond comparable sales data that impact price, making it difficult to set an accurate one. With regard to two-family homes located in an area populated mainly by single-family dwellings, for example, experts say Realtors must inform buyers about the benefits of being able to live in one part of the home and rent out the other to cover taxes and other expenses. Properties that appear to be priced correctly based on comparable sales data may need price adjustments, as their location on a busy road or their lack of a basement, among other drawbacks, could deter buyers. | Read More