Thursday, August 24, 2006

Will The Property Attract Genuine Interest In The First 30 Days On The Market?

Fact: Over priced real estate listings turn many buyers off.

When listing a property for sale, the first 30 days are the most critical. The first 30 days is the time when most buyers (and real estate agents) will see the real estate listings.

The first month on the market is the key. BUT... when a property is over priced, or stays on the market too long, interest wanes. Potential buyers (and real estate agents) will be suspicious, ignore the listing, or they will simply move on to another property that is more realistically priced. So, that's why the initial 30 day period is critical when listing a property for sale.

Some sellers, however, believe that if someone is really interested they will counter-offer. Yes, that may or may not happen. But, there is the risk that well-qualified buyers may just walk away, never to return.

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