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On price, local buyers and sellers still worlds apart

Posted by Scott Van Voorhis July 10, 2012 08:05 AM

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The vast majority of Boston area sellers believe they are getting a raw deal, with their homes significantly undervalued by the current market.

Yes, I know what you are thinking, cry me a river, but that's apparently how many local homeowners feel, reports HomeGain in its quarterly survey of local real estate agents, sellers and buyers. (I recently took at look at the national results - today I am doing the local numbers.)

Roughly 70 percent of real estate agents say their sellers believe their homes are underpriced, often by as much as 30 percent, HomeGain reports. Only 20 percent of agents say their clients are content with the price their home is listed at.

By contrast, the buyers who check out these properties online or at open houses see things quite differently. More than 80 percent of local agents say their buyers believe the homes they are seeing on the market are generally overpriced, often by as much as 20 percent, according to HomeGain.

Despite resurgence in sales activity during the first half of the year, buyers and sellers across Greater Boston remain as divided over price - and as frustrated with each other - as ever before.

So who's right here? I'm inclined to side with the buyers in this dispute, but what's your take?



This blog is not written or edited by Boston.com or the Boston Globe.
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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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