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When a property is priced even a few percentage points outside the predicted trading range, it may cause low buyer traffic, increase days on the market and prohibit showings that eventually lead to offers.
This is a price problem, not a market problem.
One of the most painful and perhaps desperate positions to be in as a seller is when you end up frustrated saying “why doesn’t my agent just bring me an offer” instead of simply adjusting the price into the range where multiple buyers have the incentive to view the property along with competing properties in the same price range.
