Many sellers don’t understand how critical it is to list their property at the correct asking price in any market environment. The assumption that cheating their price to the high side is harmless is incorrect thinking. The wrong asking price decreases buyer traffic and feedback. The hope that someone will just “bring you an offer” is a poor strategy and will only encourage a savvy buyer to bring a much lower offer. Therefore, even if your asking price is incorrect to begin with, you must adjust it downwards to be competitive.
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