WHY SELLERS OVERPRICE THEIR HOMES

Posted by Bonnie Martin Designated Broker on Thursday, October 16th, 2014 at 8:14pm.

moneyhouse_oleg-doroshin_450realtytimes.com - There's one piece of advice that every real estate agent on earth will tell you - "If you overprice your home, it will take longer to sell and sell for less money."

Yet, sellers ignore them, and overprice their homes anyway, hoping their home will be the one to defy market physics. Why do they do it?

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Photo:  ©[Oleg Doroshin]/123RF.COM

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