What can affect a home's value?

Pricing a home appropriately is critical if the owner wishes to sell it in a reasonable time on the open market. If the desired price is too high, it can be a waste of time for both the seller and the real estate agent taking the listing. One situation to avoid is pricing a home too high so that it remains on the market for an extended period of time becoming “shop worn.” When a home reaches this situation, agents no longer bother showing it to potential buyers as it isn’t productive for them. One of the reasons for that is that mortgage approval is based significantly on the home being apprai...