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Risk of Overpricing - Missing Peak Selling Activity
A property generates the most interest among brokers and buyers when it first goes on the market.
The number of showings is greatest during this time - if it is priced at realistic market value.
Starting too high and dropping the price later misses the excitement and fails to generate as much activity.
It may even become necessary to drop the price
below
market value to compete with new, well-priced listings.
Pricing your property competitively from the start will generate the most activity among brokers and buyers.
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