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Real Estate Tips
Pricing >Overpriced

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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Real Estate Trivia
Q 
What place is known as "America's Stonehenge"?

A 
A 4,000 year-old stone constructed megalithic site located on Mystery Hill in Salem, Massachusetts.
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Adam Hopkins, REALTOR®, real estate agent and broker for Lynchburg, Forest and Campbell County, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Adam Hopkins
Hopkins Real Estate Group

1705 Enterprise Dr, #106
Lynchburg, VA 24502
Phone: (434) 444-7136
Email: TheHopkinsGroup@gmail.com

As your Number1Expert(tm) in the Greater Lynchburg area for the last decade, The Hopkins Group has specialized in getting your home sold faster and for more money, through our attention to details that most agents miss, and through exclusive consumer services and programs that other companies simply do not provide. Call us today at (434) 444-7136 to see what a difference our service can make for you as you buy or sell your home!

ABR Equal Housing MLS REALTOR


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