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It's Priced Well or Is It?
How many times have you heard real estate agents utter the words..."It's priced well"?  For me, this phrase is like fingernails on a chalkboard.
Why Don't I Have Any Offers? You typically hear this statement from real estate agents who are complaining that their fabulous listing isn't getting shown, or if it is getting shown they wonder why no one  has made an offer.  What the agents can't seem to understand is why no offers have come in since their listing is "priced well"...and the comps support the sales price.
Listen Up Real Estate Agents While I hate to be the bearer of bad news, I have to break it down for you.  If your listing has been on the market for more than 30 days and no buyers seem remotely interested in making an offer, chances are your listing isn't "priced well".  The comps may indeed show that your listing is "priced well", but there is something that indicates there is a disconnect for buyers between the property and the price.  Here are a couple of things to consider:
Location Is the property on a busy street? Is the property in a remote part of town? Are the other properties on the block well maintained? Condition Does the property have awkward ... more

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