We all want to make the most money for our clients when we sell their homes, but overpricing can actually hurt sellers more than help them! You can find a number of Intelligent Pricing Graphs online, which will show that more buyers will look at homes priced at market value than above market value! And of course, considerably more buyers will look at homes priced below market value, but what seller wants that? The first 2-3 weeks a new listing is on the market are the most crucial for attracting potential buyers, so it is extremely important to price it right the first time! If very few buyers look at a property during that time frame, it is likely to be overpriced. Unfortunately, even if it is reduced to the market value weeks later, the crucial "fresh on the market" time frame neede...
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