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Tips for Setting Your Listing Price
Pricing a listing correctly is a little bit art, a little bit science, and mostly  based on a whole lot of data.  Before you pick a price for your house, consider the following pieces of advice:
Don't Set the Price Too High. I have had (many) clients say to me, 'Price it high so I have some wiggle room on the negotiations.'  While I understand where you are coming from, I never recommend starting high...it almost always results in feedback that your house is priced too high. This is a sure way to have your house languish on the market for a few weeks (buyers will wait to see if you do a price reduction) and ultimately get an offer lower than what you would have gotten if it was priced correctly at the beginning. Not to mention the stress of getting your house ready and waiting for buyers who don't show up... "Did I price it too low?" When I price a house and it quickly goes under contract, my clients sometimes fear that their asking price was too low.  I contend that a house that is priced properly, in very good condition and staged to appeal to a broad ... more

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