Real estate blog entries tagged with chasing the market by Richard Weisser Coweta Fayette Real Estate

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Home : Blogs : Richard Weisser - Coweta Fayette Real Estate - Newnan homes for sale : Coweta County Real Estate Facts and Info by Richard Weisser Better Homes and Gardens Real Estate Metro Brokers Newnan : Tag "chasing the market"

chasing the market: Sellers that choose to “chase the market” are likely to waste time and lose money. - 08/31/10 09:01 AM

Sellers all share the same notion as to the value of their house. When I ask what they would like to net from the sale of their property, they always answer: “as much as I can get.”
And generally, they believe that the best way to achieve that goal is to start high to test the waters, and then consider price reductions as time goes on without receiving any offers.
However, in today’s market, there is a strong possibility that electing to use this strategy will ultimately lose money for the seller. It’s called “chasing the market,” and in a … (57 comments)

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