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Pricing >Overpriced

In the real estate world, a large group of people are looking to buy homes at any given time. These are the seller's best prospects. This ready group of buyers is wasted, however, if your house is overpriced.

People who have been shopping around and are accustomed to comparing properties will probably refuse to look at your home with an unrealistic price tag. You and your real estate agent may know that you would sell for $10,000 less, but the buyers do not know this. As a result, your overpriced property receives little attention.

Don't be fooled into thinking that your house is worth more than someone is willing to pay for it, or that it's just a matter of waiting for the "right" buyer to show up. Surveys show that the longer a house is on the market before being sold, the greater the drop in price from the listing price when it does sell. The buying public eventually sets an accurate price. An overpriced house just sits on the market, waiting for a price adjustment before it will attract a buyer.

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Q	What might happen to the Empire State Building in extreme weather?
A	The Empire State Building can sway several feet to either side when buffeted by a severe windstorm or rainstorm.
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Sherri Smith, REALTOR®, real estate agent and broker for Eugene, Springfield and Creswell, Oregon home listings, property and land for sale - NUMBER1EXPERT™

Sherri Smith
RE/MAX Integrity
4710 Village Plaza Loop #200
Eugene, OR. 97401
Phone: 541-284-8083
Fax: 541-895-3973
Email: sherrismith@NUMBER1EXPERT.com
Sherri Smith broker - Common Name, Uncommon Service. When you have a real estate need, I want you to feel comfortable calling me with any questions. Whether the questions are about real estate, your home or the Community. I work with honesty and integrity. Each customer brings new opportunities and relationships. I look forward to meeting with you and helping you find your future home, property investment, or the opportunity to give you a FREE no obligation consultation on the sale of your home!

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