I had just listed a house and the next day I showed it to two different people.  Both prospects thought it was a very nice house, but they both thought there were other properties out there similar that were better values.

I called the seller and told them the feedback and said that based on the competition we might have to adjust the price.  Most sellers do not want to do this – especially right after they have put it on the market.

I loved their house, but I was giving them the honest feedback through the eyes of a buyer.  When anyone gets ready to sell a house, we should probably go out and look at the competition and ask ourselves, if I was buying today, what would I pay for my house?  If there is a newer, larger house out there with a better view than ours and is priced the same, our house probably is not going to sell.