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The High Price of Setting a Listing Price Too High and adjusting later?
The High Price of Setting a Listing Price Too High and adjusting later?
Sellers:
Sellers often have an unrealistic idea of how their home should be priced, and want to 'test the market' at a certain price point. What many sellers don't realize, however, is that days on market can negatively impact buyers' perceptions of a home and what they are willing to pay for it.
Sellers will eventually begin considering a price reduction.  Perhaps the agent that was hired did not recommend a lower price, the other agents did the one that was not hired despite all the facts and the current market trends and indicators he presented,  did the one who got the listing priced it where the seller wanted it or possibly even higher than the seller’s anticipated Value? This is an agent that is willing to start out at your price and will tell you: “if you need to drop the price later, you can do that easily, After all, everyone else does it”.  The truth is that you may have just met an agent willing to engage in a questionable sales practice called "buying a listing." He bought the listing by suggesting you might be ... more

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