Feb 8, 2011

"There's Nothing For Sale"

No matter what category of apartment you are selling from small studios in walk up buildings to luxury high rise Penthouse's it always comes down to price.
If your apartment is priced in line with what the market feels is a fair price it will sell quickly. If not, it may take years to sell.

This is the scenario many high end buyers are facing right now. There seems to be a good deal of inventory however, much of it has been on the market of over 52 weeks as a result of the sellers pricing their homes quite "optimistically".

Property that sits for a long time (longer than three months) becomes stale and when buyers recognize that its been on the market for a long time they assume that its either over priced or that there is something wrong.

If you want to sell, price properly. As the seller neither you or your broker determine the price of your apartment, rather, its the market place. Price your apartment so as to appeal to the buyers and you will be happy with the results.

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