http://realestate-durango.com
VALUE: CNN carried an interview with a Orange County individual regarding the economic and housing problems in southern California. People are out of work, foreclosures are up in Orange County as they are in many other areas of the country. One statement in the interview stood out. He said, "I can't sell my home for what it's worth."
It's funny that homeowners have no trouble adjusting their value opinion when prices are increasing but in a declining market refuse to recognize value decreases. Market value is the price at which a seller is willing to sell and the price at which a buyer is willing to buy. While often a bitter pill, failure to recognize and accept true market is a mistake most seller's can't afford to make.
http://HomesInDurango.com
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