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The #1 Reason Homes Don't Sell In Morrow County
(Authors note: This is the first in a series of posts from my publication called "The Seven Most Common Mistakes Sellers Make And How You Can Avoid Them").
The #1 Reason Homes Don't Sell In Morrow County (or anywhere else for that matter)
A surefire way to get less than the fair market value for your home here in Morrow County is to overprice it in the beginning. It sounds contradictory, but it is true.
There are several reasons for this. First, if your home is more expensive than the similar homes in the area, fewer buyers will choose to even look at it. Why would they waste their time? And the buyers that do decide to look at your home will likely use it for comparison, to justify their decision to purchase a different home. “See? A similar home but a lot more expensive. We should get the one we saw yesterday – it’s a bargain compared to this one.”
Second, the longer your home remains unsold, the less interest it will generate among the buyers. Eventually, when it’s been on the market longer than the other similar homes, buyers will start to think that there is something wrong with it. And then you are faced with the real possibility of being forced to sell ... more

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