Educated Guesses Normally, when a house doesn’t sell within 60-90 days, a 3% to 5% price reduction is in order. See, “Perils of Overpricing Even (Especially) in a Rising Market”; “Perils of Overpricing“; and “Nurse! I Need a Price Reduction, Stat!” So, what does it mean when a home listed for $500k (in St. Louis...Read More
But, That’s Not What You Can Buy It For Estimated Market Value — Building: $400 Estimated Market Value – Land: $150,000 Estimated Market Value – Total: $150,400 –Hennepin County 2014 Property Tax Records It’s not unusual for the land underneath an older, dated home to be worth more than the home itself. That’s especially true for a...Read More
