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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ild who wrote (21976)7/8/2004 1:30:49 PM
From: TradeliteRead Replies (1) of 306849
 
<<if you want to sell you need to price just a little below market>>

A "below-market price" is one of the euphemisms employed way too often in real estate to avoid the real issue.

If a house won't sell when listed at a particular price, it means the market price has been misidentified. The real market price is the one that makes the house sell.

Buyers like to feel they're getting a "below-market price", and sellers like to think they "COULDA SHOULDA WOULDA sold at market price if only they had more time or more patience or more whatever.... so I guess that's why the phrase is used so often.
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