Why is it bad when Realtors® Buy Listings?
First off the first 30 days are the most important in the marketing efforts of a home for sale. Today the most important factor in getting a home sold is PRICE. That is not to say that location is not important, it just means that homes priced correctly are selling quickly and in many instances with multiple offers in Western New York. Start out too high and you are going to have to do price reductions to come in line with other homes for sale in Buffalo. Wait too long, you will have to reduce even lower than what other Realtors® may have told you when you first started looking to sell your home.
Read Also: My Buffalo home is about to expire!
When you overprice your home — you immediately are at a severe disadvantage to the other listings on the market. As you sit on the market, people ignore your home and the longer you sit on the market, the more people wonder “What is wrong with that home?” Your home becomes stigmatized and you are in the position to Chase the Market Down.
Read Also: Do you know the magic three words in Western New York Real Estate?
