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The Uxbridge Real Estate Market In Review - #5 In A Series - Overpricing A Home Can Be Costly
The Uxbridge Real Estate Market In Review - #5 In A Series
Overpricing A Home Can Be Costly - Statistics and The Sale Of Your Home.
A Consumer Asks
..... How can these statistics help me sell my home?
The short answer of course is they can't, but what they can do is help you determine how aggressive you want to be in the pricing of your home to help you achieve your sales goal.
Most consumers want to sell their home in the shortest time possible, with the least amount of inconvenience and of course at the best price possible. Knowing what has happened recently in the marketplace and pricing accordingly will help you in this regard.
Overpricing A Home Can Be Costly
In the marketing of a home the first few weeks can be crucial to the sale. Pricing a home to high will result in low or no offers in those all too critical first few weeks. When this happens the property often becomes stale with fewer and fewer people looking at it.
At this point many reduce the asking price in order to attract attention again. Unfortunately it may take several reductions to generate the interest of a potential buyer, a ... more

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