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We Can Always Reduce the Price Later

I have a firm belief that sellers stand to make the most money possible from a sale when a house is priced right, from the first day it comes onto the market. Plus it will usually sell quicker and easier. It's a fairly common thought in the minds of sellers that they can price the house high and hope to get a buyer, and if that fails they can always reduce the price later. Can a seller get lucky this way? Yes of course they can, but it is very risky as a general pricing strategy. You're relying on

 

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