Monday, July 5, 2010

Q: Why do some listings sit on the market for so long?

THREE WORDS - PRICE, SUPPLY, DEMAND.

The current large inventory decreases demand. Buyers are worried about their equity and resist a higher price. Some sellers need a certain price and are willing to sit on the market. My job is to get them what they want.

There is no miracle any agent can perform if the price is not set correctly. If a property is not selling for months, it probably is overpriced for its market.

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