It is in our human nature to think higher of our own personal belongings than others will. This is also the case when it comes to real estate. When selling their home, homeowners have generally tended to overestimate the value of their home. A recent study in the US showed the percentage by city of how much a homeowner overvalued (or undervalued) their home. With overvalue being quite common it is important to look into the influences that play a role in our estimations. Factors like loss aversion, the endowment effect, sweat equity and anchoring all play a role in our value determinations. What do these terms mean? Click here to find out and learn how you can avoid making these subconscious mistakes in the future.