Real estate practitioners in the heart of foreclosure hotspots are talking turkey about pricing to their clients.
"I don't sugar-coat anything. I don't tell people what they want to hear. I tell them what they have to hear," says Mike Aubrey, an associate with RE/MAX Metropolitan Realty in North Potomac, Md.
"[Setting the initial price too high] is not only a waste of time, but you stigmatize your property," says Joe Manausa, president of Century 21 First Realty in Tallahassee. "People wonder why nobody bought it, why it's been on the market so long."
In fact, setting a price too high is “downright willful negligence,” Manausa declares.
Source: Inman News
If you would like a free pricing evaluation of your home please call me at 636-294-6061.
Mike Cribbin
Cribbin Realty
"Where Performance Outsells Promises"
3112 Brook Hollow Dr.
O’Fallon, MO 63366
Office:636-294-6061
Cell: 314-954-6500
Fax: 636-294-3766
www.cribbinrealty.com
mike@cribbinrealty.com
Friday, October 16, 2009
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