Not Sure How to Price Your Home? Avoid Mistakes With These Tips
Pricing based on data, not emotion, can mean a swift sale. You don’t need to be Bob Barker to know when the price just isn’t right. Just ask Candace Talmadge. She originally listed her Lancaster, Texas, home for $129,000, but “eventually had to accept the market reality” and chop $4,000 off the price. The home’s location proved challenging: Buyers were either turned off by the area — a lower-income neighborhood south of Dallas — or unable to afford the home. “Sellers have to
Here's how much money the average first-time homebuyer makes.
The New York Times' Real Estate section crunched data from the National Association of Realtors and came up with a profile of first-time buyers showing that first-time buyers are still generally millennials, albeit pretty successful ones. First-time buyers are, on average, 32 years old and make $72,000 a year. That makes them more well-off than the general population, since $72,000 is roughly the median income for a middle-class family of three. The overall median household i