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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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What famous American sign was originally erected as a real estate ad?
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| A |
The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland." |
 See More Real Estate Trivia > |
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Ferne Silberman
Prudential Homesale Services Group
65C E. Main Street
Mount Joy, PA 17552
Direct: 717-653-2374
Office: 717-653-2646 x 102
Fax: 717-653-4797
FerneSilberman@NUMBER1EXPERT.com
WELCOME to your one-stop source for real estate services covering the Mount Joy, Elizabethtown, and Lancaster areas.
Here you will find everything you need to buy or sell a home, as well as learn about the market value of homes you may own in the area.
It is my goal to provide you with superior service at all times.    
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