On Friday, I was looking over the most current York County housing stats and noticed a comment offered by Paula Musselman, vice president of the Realtors Association of York & Adams Counties.
“Of course every seller wishes that the home sale prices of six years ago still existed today, but the current market is clearly different,” she said. “If a property is realistically priced, it will sell.”
I get what Musselman is saying about housing prices. If you paid $250,000 for a house in 2007, that property might now be worth $200,000. Of course, location factors a lot into an asking price.
If you were selling your house, would the asking price be based on what you paid or what the current market can bear?