Help! I think I may have priced my home too high

[rjrcm]

Originally Posted by no1problemsolver

Check out real comp prices at zillow.com this is a site that many realtors use and you can find the skinny on your home price.

I find that hard to believe. Why would Realtors use Zillow for comps when they have access to their MLS with all the up to date data? Sure, I browse Zillow once and awhile for the fun of it, but not when I'm getting comps for a client.

[Travis Parker]

I skimmed thru the 5 pages, so this may have already been pointed out.
(1) The original poster's upgrades may not be usable or liked by someone else (too personal, 'bad taste', poorly done, etc...) and the buyer would have the expense of UN-DOING these improvements. i.e. - someone put an expensive PERSONALIZED paint job on a car, but to almost everone else, it's dawg ugly. Will he get the extra $$ for the ugly paint???
(2) The actual appraisal may not account for some of the improvements, so the bank wouldn't loan that much money anyway. So it's sell for the appraised price, or find someone who wants the improvements and has the extra money to pay above the appraised price.