In all markets and in all price ranges the first question most buyers ask is "Has the price been reduced?". And rightly so. 50% of the homes sold this year in Coconut Grove made one or more price reductions before going under contract. That means that 50% of the sellers out there start at a price that is out of line with its true market value. This is just another reason that it is essential to use the services of a local realtor who can give you an accurate assessment of a home's price.
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