The cost of overpricing your home in a declining market is REAL! For the last few years I have seen homeowner after homeowner lose money because they did not price their home correctly from the start. In this video, I will show you the market statistics that prove this to be true for the Atlanta housing market.
In 4th Quarter 2010, homes in Atlanta went under contract, on average, in 120 days for about 84% of their original list price. What is astonishing is the differences between homes that were priced correctly and those that required a price reduction to sell. If the home owner priced the home correctly, they were, on average, under contract in 28 days. Compare this to homes that were not priced correctly which took between 103 and 303 days to get a contract. OUCH! That is nearly a year!!!!
If you would like to know what you need to do to avoid losing money AND get your home sold in 30 days then send me an email at Connie@LivingInCobb.com or give me a call at 678-631-1812.
Information courtesy of Chart Master Services.