How sellers can leverage *The Endowment Effect* In a Competitive Market In psychology & behavioral economics, the Endowment Effect describes how people tend to value items that they own more highly than they would if they did not belong to them. This explains why some listings are overpriced or why a seller thinks the hard… Continue reading How sellers can leverage *The Endowment Effect* In a Competitive Market
Tag: Kentucky Realtor
Greater Louisville Area Market Report – February 21st – February 27th
Hey y'all! Happy Tuesday! I'm running a little behind this week but here's your Greater Louisville Area Market Update for February 21st through February 27th! Last week our greater Louisville Area saw 224 new listings and we had 168 homes sold. Currently, there are 1,008 total current listings and 2,253 total current pending and active… Continue reading Greater Louisville Area Market Report – February 21st – February 27th
Top 10 Real Estate Myths: Debunked
Here are 5 real estate myths that I'm here to tell you are completely FALSE! Subscribe to see 6-10 next on next week's blog! 1. All Real Estate Agents are the same. Although I'm a somewhat newer agent, only being licensed for a year, I'm here to tell you that not all of… Continue reading Top 10 Real Estate Myths: Debunked