yes?That's most of the strategy. But byuers are irrational, so there are other important factors. The current market price isn't an average of what comps are listed for; it's what a buyer will pay, so you won't know the current market price until after you list it. If you don't price your house right to begin with, even after you reduce the price to the right price many byuers will assume that it's a dog, based on the idea that someone else would have bought it by then. Some byuers may not even see the price reduction, because their internet searches show only newly listed houses. So the best choice is to underprice the house (based on comps) initially.Also many byuers won't consider a house that needs even 2% of the price in upgrading, even if the price is 20% off, and a subset of those byuers will overpay for a staged house. Someone could end up paying you $500 for that apple pie smell. Rate this comment: 0 0

by Lalit 03:07:13 AM 2012.12.09