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| The Risks Of Over-Pricing |
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Takes Longer To Sell Your Property |
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A property generates the most interest within the real estate community when it first goes on the market. (similar to the bubble graph below - interest
levels rise for the first 5 weeks then begin to drop sharply). |
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The number of showings is also greatest during this time, IF your property is
priced at a realistic market value. |
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Starting too high and then dropping the price later misses the excitement and
fails to generate as much activity and raises questions about the property. |
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It may even become necessary later on to drop the price below market value in
order to compete with new, well-priced listings. |
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The Seller should be aware that if a property is overpriced and a lower appraisal occurs, the Seller may be forced to lower the price or risk losing the sale. |
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| By pricing your property realistically from the start, you can benefit from the increased interest among brokers and buyers. |
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The Fair Housing
Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial
status, or disability. |
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