Overpricing is #1 Mistake Sellers Say....

Overpricing is the number one mistake home sellers said they made when listing their homes, according to a new national e-mail survey conducted by HouseHunt. The margin was nearly three-to-one over the second choice, HouseHunt reported.

Survey respondents said their next-biggest mistake was "dealing with the same real estate agent who represented the buyer," thereby setting up a possible conflict of interest and possibly a perception that the buyer was getting a better deal.

The third-biggest mistake noted by the nearly 400 survey participants was "failure to disclose known defects or problems." Virtually tied for fourth place were: "underpricing their properties" and "not utilizing Internet technology to market their properties."

"Here in the Bradenton - Sarasota market where we have seen prices skyrocket in the last 3 years we are now seeing buyers unwilling to pay such high prices. Price reductions are now counted in the 100's daily on our MLS. The successful Seller is the one who understands the market and prices their home accordingly." --Dan Forbes

Bradenton Real Estate . com