Sunday, May 24, 2015
Consumer Reports, issue March 2015, warns that the biggest seller slip up is initially overpricing their home. To protect their customers, Agents won't show an overpriced home to their buyers. In turn, the longer it sits on the market buyers assume something is wrong with the home and they avoid it too. Aggravating the loss, after months of mortgage payments, Home Owners Association payments, insurance payments, tax payments and regular old maintenance costs, a seller may have to drop the price far below what you think it's worth just to get people to look again.