how much interest is generated. If your price is too high, buyers will pass you by because the home is out of their price range. By the time you decide to lower the price, they have moved on to other properties. As your home sits on the market, buyers will wonder why the home hasn't sold concluding that it is undesirable in some way. Price it right from the onset to generate interest and gain attention from buyers to sell faster. Unrealistic pricing costs you more money in the long run. Unrushed High Pricing If you are not in a hurry to sell, it is not a wise move to 'test' the market by listing your home at a high price to see how the market goes. Serious home shoppers may take months to find a new home, so they are continually looking for new listings, not ones that have been sitting on the market for months. Thinking that the market will turn to your favor is not reliable, either. If prices in your area are dropping, you may lose money. By pricing your home based on current market values, you can sell your home quicker and for more money.
Price Dropping Another pricing trap to avoid is insisting on a high price for your home far above other homes in the area. If your home
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