By the time the home is sold, it sells for 10, 15, even 20 percent LESS than what it could have gotten if it were priced properly in the first place.
Home owners need to understand that it is the market which puts a value on the property. Not the listing agent or the owner. And this is why home owners need to use AND listen to a real estate agent. Most agents know what the market trends are and how the market is being affected.
I hope that helps,
Terrence Charest, e-Pro
You do not provide enough information to formulate an opinion. On listings priced at $300,00 this would be significant on listings priced at $1,000,000 it is not. Also how big is the sample? A handfull of transactions does not a sampleing make.
Fran and Mark Redding
Prudential Fox Roach
1010 Stony Hill Road