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Geoff, Toronto "She provided stellar service and used her strong negotiating skills to get me a price I am happy with!" Read Quote > View All Quotes >
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Lisa, Toronto
"Rachel and Leslie took the time to educate me on the process and sold my condo in 7 days for 99.4% of my asking price. I appreciate their honesty and commitment to helping me get what I want."
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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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| Q |
What is the world's most capacious building?
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| A |
The Boeing Company's main aircraft assembly plant in Everett, Washington, has been expanded to a capacity of 13.4 million cubic meters, or 473 million cubic feet. |
See More Real Estate Trivia > |
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Rachel O'Hearn and Leslie Benczik RE/MAX All-Stars Realty Inc. 2281 Kingston Road, 2nd Floor Toronto, ON. M1N 1T8 Phone: 416-597-0077 Fax: 416-342-0034 Email: Rachel@GetBenczik.com
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‡Leslie Benczik, Susan Taylor, Rachel O'Hearn, Alon Hillel, Rosemary Mauro, Tiffany Lee & Frances Kwong
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