Chasing Real Estate is unlike a real estate market that is going up in value, in a declining market it is important for sellers to understand that if you price your property too high when you first list, you may loose a big part of your equity.  If you make the mistake of pricing too high you can catch up by making a very large price reduction, at or just slightly above market value.  A small price reduction above market value is called chasing the market and the final amount you receive for you property will be much less.

CHASING REAL ESTATE

If you are considering selling your home, now may be a good time to get tip dollar as the market is not declining and it is much easier to price.