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Overpriced property receives
little attention and underpriced property will reduce your profits. An
overpriced house will usually sit on the market, waiting for a price adjustment
before it will attract a buyer. Don't be fooled into thinking that your
house is worth more than someone is willing to pay for it or that it's
only a matter of time for the "right" buyer to come along. The longer a
house is on the market before being sold usually suggests a greater reduction
in price from the listing price when it does sell or that there is a problem
with the home. A home priced at market value will attract more buyers than
a home priced above market value. Also consider that a home priced competitively
will attract a larger number of potential buyers and increase your chances
for a quick sale.
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