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Why over pricing your home could be the worst financial decisions you ever make?

By
Real Estate Agent with Virtual Media Realty & ZIPVO

Over Priced HomesThe worst thing a seller can do is over price a home especially in a buyers market. Everyone believes there house is unique and better than their neighbors but, pricing a home isn’t rocket science. Many things come into play when determining a price however there’s only a few that really matter. Location, condition, square footage, and resent sales of comparable homes. The advantage of pricing your house right is that the fewer times you reduce the price, the less time its on the market, the lesser of a possibility of a stigma won’t be placed on the house as to “what’s wrong with that place".

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About the Me: The above Real Estate information was provided by Greg Afarian, l can be reached via email or send me a message on Twiter

Have a home to sell on the NorthShore in Mass? I'll help you with my social media skills for a quick transaction to help save you time and money.

I service the following towns in Boston and the Greater Boston Area. Andover, North Andover, Lawrence, Methuen, Haverhill, Boxford, Bradford, Dracut, Reading, North Reading, and beyond.

Comments(2)

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Chris Lefebvre
eXp Realty - Methuen, MA
Methuen MA Real Estate Pro

Well said Greg.  I totally agree.  Overpricing is definitely something you want to avoid especially in this market.

Oct 02, 2010 03:03 AM
Greg Afarian
Virtual Media Realty & ZIPVO - North Andover, MA

Thanks! What is too bad is that when you get greedy and try to squeeze 10 or 20 grand more out of a transaction it could end up costing alot more than that! 

Oct 04, 2010 09:22 AM