Selling Real Estate Perception
American perceptions of their home values correspond to the actual values. Despite the post-bubble market, most US homeowners believe that prices have already bottomed out. Most are optimistic; however, believing home values in their markets will increase or remain the same by the end of 2009.
Many potential sellers are holding back nevertheless as a result of today’s home value conditions. With the market still floundering, many are waiting for signs of a real estate market turnaround before they list their homes. Potential sellers may want to hold of until 2011; as many economists believe it will remain flat until then. Many potential sellers are eager to list their homes, so a steady stream of new inventory may crop up after the first signs of stabilization.