The episode you were on aired in 2009, if you recorded the show for the same house now, what things would be different when considering what the home was worth?
I would truly have to look at how many sales have happened in the past 12 months and compare that to how many are for sale. If there are twice as many homes for sale vs what sold, then they are going to have to get VERY competitive on their price and stay around the #4-#6 position if there are 10 homes for sale. On the other hand, if there are only a couple homes for sale in that neighborhood and 10 have sold, we are seeing a HIGH DEMAND for that neighborhood, and we can command more in the asking price. Low supply, High demand gets higher price. High Supply, Low demand causes prices to drop.
Your home value is completely determined by the amount of Suppy & Demand. Don't just take someone's word that your house is worth $XXX,XXX, in fact if someone every tells you your home is worth more than you thought it was...grab a real estate contract, hand them a pen, and ask, "So, you will buy it for that right now?" Get an honest opinion on the value of a property by conacting The Korn Team at (816) 224-KORN (5676) or visit our website at www.kornteam.com and we can schedule a convenient, no cost, no obligation Broker's price opinion on how you can take advantage of your current neighborhood conditions.
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