Seller Misconceptions “Sunk Cost”: a retrospective (past) cost that has already been incurred and cannot be recovered. —Wikipedia What Sellers paid for their home ” and how much they subsequently put into it (for improvements, updates, etc.) ” are important psychologically.* And, depending on how much the would-be Seller currently owes on their home, the sum of their cost + improvements...Read More
Too Much Information ” Realtor Version Living Rm: 13.4′ x 26′ Dining Rm: 9.2′ x 13′ Family Room: 16.7′ x 29.8′ Kitchen: 9.5′ x 16′ Bedroom #1: 14′ x 19.1′ Bedroom #2: 22′ x 14.6′ Bedroom #3: 8.1′ x12′ Bedroom #4: 12′ x14.4′ —Excerpt, MLS Listing What’s the corollary to “The Too-Precise Price?” The too-precise...Read More
