Lisa Wiseman
Posted Wed Jun 23 12:00AMYes, you read that right; some homeowners are actually increasing their initial listing price
weeks, even months after being on the market.
Now if they had made any improvements to the home in that time, this would be
warranted, but none of these listings that I have seen noted or drew attention to
this possibility. Any major repairs and improvements should really be made prior to the home
being put on the market, and a good Realtor would have covered this in their listing presentation.
I have yet to see these homes move any faster after increasing their listing price.
Maybe they are in a panic because they are seeing other homes in their neighborhood
being listed for more, and they want to catch the wave. Wrong! They have in effect
only shot themselves in the foot. Or can someone explain this to me? Haven't we
learned from our previous mistakes? These homeowners are either not listening
to their agents, or receiving bad advice .
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