Rodkin on Two Neighbors with Different Asking Prices

Readers ask questions, and our real estate expert answers. This week, a reader named Connie from Humboldt Park asks if her neighbor—who is putting a similar condo on the market for a higher price—is correct in suggesting that they should raise their asking price.

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2 years ago
Posted by Andrea G

You also don't know if the neighbors home is priced based on what they need to get out of it because of the payoff amount on their mortgage or they are basing it on market values. Ultimately a home is only worth what a buyer is willing to pay.

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