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Real Estate Tips
Pricing >Overpriced

In the real estate world, a large group of people are looking to buy homes at any given time. These are the seller's best prospects. This ready group of buyers is wasted, however, if your house is overpriced.

People who have been shopping around and are accustomed to comparing properties will probably refuse to look at your home with an unrealistic price tag. You and your real estate agent may know that you would sell for $10,000 less, but the buyers do not know this. As a result, your overpriced property receives little attention.

Don't be fooled into thinking that your house is worth more than someone is willing to pay for it, or that it's just a matter of waiting for the "right" buyer to show up. Surveys show that the longer a house is on the market before being sold, the greater the drop in price from the listing price when it does sell. The buying public eventually sets an accurate price. An overpriced house just sits on the market, waiting for a price adjustment before it will attract a buyer.

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Real Estate Trivia
Q 
What Las Vegas hotel is famous for its casinos and is the largest hotel in the US.?

A 
With 5,012 rooms, the MGM Grand Casino is considered the largest hotel in the US.
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Team Pepka, REALTOR®, real estate agent and broker for Bradenton, Sarasota and Anna Maria Island, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Team Pepka
Keller Williams On The Water

5239 Manatee Avenue West
Bradenton, FL 34209
941-708-3555
Fax: 941-708-3455
TeamPepka@NUMBER1EXPERT.com

The Team Pepka mission is to exceed the expectations as the Real Estate Team of those we serve through honesty, integrity and unparalleled service. We believe Manatee County and Florida in general is the most outstanding place in the world to live!

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