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July 23, 2009

"Psst! Make Me an Offer!"

Overpriced Homes AndPhantom Negotiating LeverageIs a too-high asking price negotiating leverage? Apparently, some Sellers today think that it is. Instead of pricing their homes within the range suggested by the “comp’s” (comparable sold homes), they stake out a price as much as 30% above. Why? Negotiating leverage (presumed, at least). When their home doesn’t sell,...
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