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Tuesday, March 13, 2012

If The Market Falls, So Does Your Home Value

Many times people think their home is worth more than it truly is. You can’t slap a $300k price tag on a $200k home and expect to have anyone seriously interested. Lets have a hypothetical situation, you list your beautiful $200k home for $300k. You don’t seem to be getting anyone with a serious interest in your home. However, you wish to stay at your $300k price tag because, like the rest of the world, you have bills to pay! A few weeks after you list your home the market just absolutely plummets and you realize you should drop your homes price tag with the market. So your now $150k home is priced at $250k. This is what I like to call, “chasing the ball down the hill,” you will just keep chasing it until it gets to rock bottom. This means that if you wish to sell your home you have to price it at what it is worth in the current market. Otherwise, you will have a hard time finding a buyer.


Sarah Moore, Broker/REALTOR - CRS, CDPE, SFR, e-Pro RE/MAX EXECUTIVE REALTY 7752 GATEWAY LANE, SUITE 204 CONCORD NC 28027 www.WeOpenMoreDoors@hotmail.com 704-706-4160

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Grew up in Charlotte and have seen alot of change over the years. I am blessed to be married to my husband Todd and we have two beautiful children, Hayden who is in Collge and John Robert who is in 5th grade. We have a rescued dog named Riccardo that we love! I enjoy traveling, playing cards with my husband, VEGAS, the beach, singing and volunteering at my church. I am blessed to work with my father who is my real estate assistant. He is an amazing man and shares his wisdom and humor every day. I owe my work ethic to the positive role models my parents played in my life. I believe in honesty, integrity, perseverance and having fun!

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