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DANGER, DANGER: DON'T OVERPRICE YOUR HOME!!

Larry Atkins provides some very good advice for home sellers. Those that overprice their homes should anticipate a long list of related problems. Realistic pricing is one of the keys for success for a satisfactory transaction.
 The colors of winter in Maryland. Life is good in Montgomery County!
DANGER, DANGER: DON'T OVERPRICE YOUR HOME!!
Okay, you've decided to sell…but for how much. Yeah, you want to make as much money as possible but beware…don't overprice it could cost you in the long run! How you ask?
Top Problems of Overpricing
Limiting prospective buyers – Buyers usually know their price range and most buyers and their agents don't search out of the price range they can afford.
Miss out on the big splash – Homes get the most traffic in the first 30 days. So if you price high, planning to drop later you will lose out on the initial demand…and once it's gone…no price reduction will duplicate that new listing potential. 
Attracting the wrong buyers –Buyers have some idea the type of house their money will buy. To illustrate this point let me ask you, would you buy Geo Metro for the price of a BMW….well neither will the ... more

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