Is a house worth what someone is willing to pay?
A house is worth what someone is willing to pay. I’ve often heard that phrase, and I’ve used it myself. From what I’ve seen in the last seven years, I now wonder if that idea is more of an oft-repeated saying than a fact. Let me explain by giving you a scenario that is common across the price-point spectrum.
A house comes on the market for $699,900. With a few days of marketing before showings begi...