Overpricing Homes Sellers 1 Mistake When Listing Their Home
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Overpricing Homes: The #1 Mistake Sellers Make
Summary:
Overpricing is the most common mistake home sellers make. Another significant error is using the same real estate agent for both buyer and seller.
Keywords:
real estate, homes for sale, home prices, mortgage, real estate agents, MLS, listings, housing market, buyers, sellers
Article:
Overpricing remains the top mistake made by home sellers when listing their properties, according to a recent national real estate survey. This error was cited nearly three times more often than any other issue related to homes for sale.
The second most common mistake is using the same real estate agent to represent both the buyer and the seller, which can create a conflict of interest and may lead to concerns about favorable deals being struck for one party.
The third biggest error is failing to disclose known defects or issues with the home. Tied for fourth place are underpricing properties and not effectively utilizing internet technology to market homes.
Michael Bearden, President and CEO of HouseHunt, Inc., noted that rapid home price appreciation in many markets has led to sellers having unrealistic expectations, often outpacing local market realities.
Bearden expressed surprise at the negativity surrounding dual representation by agents. "It typically comes down to effective communication with the consumer," he stated. "Agents who maintain clear, ongoing communication throughout the transaction usually experience positive outcomes with both parties." With today’s technology, keeping clients informed should not be a challenge.
You can find the original non-AI version of this article here: Overpricing Homes Sellers 1 Mistake When Listing Their Home.
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