I sold my house in December 2006 for about what I paid for it in August 2004. My neighbors told me I sold too low. There are now equivalent homes in my neighborhood with a sticker of under 2004 by 5%. That is their asking price!
Olivenhain.
p.s. The homes are on the market for over 6-8 months. And of course they only show that they just went on the market!!!
I am amazed at the fraud in real estate sales… Pure – absolute – lying – fraud!
p.p.s. Don’t forget that the actual selling price does NOT reflect all the givebacks, closing cost reimbursements, and other fees / giveaways that homeowners are forking over to sell their homes. It also doesn’t reflect the actual price received after the commission is paid.