New listings, especially in a tight real estate market, get a lot of attention when they first become available. Showings start happening immediately, buyers are excited. This is the time to make a good first impression with a right price and a quick sale.
If your property is overpriced, other listings look like a better deal.
If your property is overpriced, it will may not attract offers or second showings.
If your property sits on the market with inactivity, eventually a price reduction should be in order.
At this point, the property is not a new listing any longer. Buyers who saw it when it first came to market might not bother to come back. Buyers who were not looking for homes when yours was first listed might want a showing now, but also might wonder why the house has been on the market for so long.
Bottom line: Proper pricing as a new listing is crucial. You have got to take advantage of the initial marketing momentum. Talk to a First Weber agent in your area and go over recent comparable sales for properties like yours.
First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin, Southwest Wisconsin, Central Wisconsin, Northeast Wisconsin and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com
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