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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Wed, 23 Feb 2005 02:55:45 GMT /

Author of the message: "Stephen Horrillo"

Title of the message:
Re: Overpricing in a Sellers Market

Text of the message:
On 22-Feb-2005, carlton.yates@gmail.com wrote:

> I live in a hot real estate market. My house appraised for $350K (by my
> mortgage company) before painting/deck replacement, landscaping, etc. I
> have accepted a job offer and will be moving (I can commute until the
> house sells.) Houses in the neighborhood range from $1.3M to the lowest
> being $635K. My question is... is asking $450K out of line. This may be
> a "how long does it take to catch a fish" question. I know there are
> many dependencies here but was interested in some feedback before I
> meet with a realtor.

You can always start high and see what happens. Your Realtor may try to get
you to sell for less initially. He/she may tell you that when a property
first hits the market it causes a "stir" among the Realtor community. If you
price it too high initially you miss your "golden opportunity." This of



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