Ten foot marks all over the property. Unrealistic expectations. The property is not selling...and sometimes a seller has a light bulb come on. "Hey..maybe the place is priced too low..that's why it is not selling." If you over price a property, it sits there. It gains shelf life where folks that see the place wonder..hmmmm...must be something wrong with the place, its not selling. Maybe lack of marketing and hefty pricing or both are the reason despite whatever the real estate market climate is. Price your property fairly with the help of a trained, experienced REALTOR. Sytematically hammer out a consistent, exposure strategy for the marketing of your real estate. There is ALWAYS a market, always. But the supply of "just like your property" listings coupled with how clean, how attractively priced and how finely marketed it is all add up to a sale or a delay of sale. If the place looks like Stephen King made a movie there, don't expect champagne pricing and return. Reality check...what kind of real estate cards are your holding...honestly, how stellar is your property? And avoid the pendulum knee jerk where you don't really want to sell so you decide to jack up the price or double it fooling yourself that it will sell. There are not many stupid buyers with wheelbarrows of money hanging around the office these days. If a bank is involved, an appraisal will quickly shatter the fantasy of getting twice what the place is worth. Avoid suddenly chainsawing your price to go from the extreme of overpricing to dive, dive to the bottom of the ocean below market pricing. It is caused due to wasted time on the market with a nose bleed high price tag dangling from the place and then oy my gosh. your need to move the place NOW...NO RIGHT NOW with all marketing time to date wasted with an unrealistic asking price. Your local REALTOR you can trust will help guide you thru the pricing, the marketing and eventual sale of your Maine real estate! Economics 101. Class dismissed.
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