You should also consider the liquidity risk when selling a house. The MSFT stock is traded thousands of times per day, so there is strong consensus on its price

You should also consider the liquidity risk when selling a house. The MSFT stock is traded thousands of times per day, so there is strong consensus on its price. A house like yours in a neighborhood like yours is maybe traded once per year, so there will be less consensus and you would have to wait longer for a suitable buyer or discount the price.