Quote:
Originally Posted by fastfredracing
Answer me this then . How bad is it to overevaluate ?
I personally think it is a huge mistake . I think it wastes time, and makes people question why it has been sitting for so long, and then once you start to price drop, it just looks wonky , and brings out the lowballers
I see lots of houses in the area priced higher than ours, with price drops, just festering for 120 days or more . The ones, that I would call over valued .
Man, Id like to be under contract in a few weeks . I've got 4 more to go !
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Exactly why I got out of the business. Got tired of taking the time to do a full market analysis complete with recent comparable sales from courthouse records along with a list of comparable homes listed for sale on the market only to have some asshat come in and throw them some crazy number and get the listing. Then I get to watch as it lingers on the market and finally sells for what my analysis suggested the sales price would be.