One difficulty that homeowners often run into when they attempt to sell is that they tend to value their own property much higher than do other people, including real estate agents and potential buyers. This tendency is consistent with the

Question

Quizplus · Accepted Answer

The endowment effect describes a psychological phenomenon where people ascribe more value to things merely because they own them. This explains why homeowners often value their property higher than others do.

One Difficulty That Homeowners Often Run into When They Attempt