The
Drawbacks Of An Overpriced Property
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Sellers may think that an overpriced
property can simply be reduced if it doesn't
sell. The danger with this approach is that
by the time the property is finally reduced
to its market value, it may have been on the
market so long that buyers perceive it to be
a tainted property. Buyers then question how
long the home has been on the market and why
it hasn't sold. Their offer to purchase,
based on that knowledge, may be below its
actual value. |
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As real estate professionals, we use market
research to arrive at an initial price that
is both realistic and fair to you as the
seller, but also attractive to buyers. This
pricing process takes into account a number
of key factors that include the property
location and condition, and the market
history and current activity. |
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