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Sunday, July 20, 2008

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The Pitfalls of Trying To Oversell Your Home

Overselling your home means trying to get a price for the home that is beyond what the market will bear. Putting an unrealistically high price on your house can be a big mistake. Here's why.

When a home is first listed for sale it immediately attracts the attention of many real estate agents in the market. This should generate quite a bit of activity around your house. There will be home tours, open houses, and lots of interest in the house.

However, if the house is overpriced the enthusiasm over this 'new' listing will be much smaller. Later when you have to reduce the selling price of the house your property will be considered 'old news' by the network of real estate agents. Enthusiasm over a price reduction almost never generates the kind of interest as a new listing priced at fair market value.

By comparing different real estate agents you can choose one who will help you avoid overpricing your home. Not all agents are the same. Some are very good, while others are less than committed to their task. By interviewing several you can find the best fit for you.

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Home Selling

Memphis Home Selling Advice

Sunday, July 20, 2008