Competition is a good thing, but can have a negative impact on real estate values.
Economics 101-Supply and demand. Supply Up-Price down, Supply down-Price Up, Demand Up-Price Up, Demand Down-Price Down.
Is your home one of kind, is it the best in the neighborhood, is it move-in ready, is it totally updated? What does your home for sale offer that others do not? If your not sure, ask a professional, Realtor.
No one likes to hear that the market price for their home is lower than they expected. But Realtors are no different than doctors when it comes to information. We get to share good news, okay news and sometimes not so good news. But we must inform our clients so that they can make the right decisions.
If I can help you or anyone you know, please just let me know. I will be happy to help.
Barry The Realtor - BarryRachal@gmail.com