An interesting new study just came out stating the importance on pricing your condo/home correct on the first try increases your home being sold.
A listed property receives four times as many views in the first five days of it being marketed online than one week later, meaning the common sales technique of setting a higher asking price initially and negotiating later could prove costly for homeowners.
For the agents out there, I would put this stat in my listing presentation. After explaining to the sellers that a correct price on the day of listing will greatly enhance their ability to bring in actual buyers, I would warn them about agents who will tell them what they want to hear in hopes of lowering the listing price down the road.
File Under: Do it right the first time.
View today’s new Boston condo listings.
