Pricing in a Rapidly Rising Market
Long-time real estate professionals have reluctantly acquiesced to what we know is an alternate reality. Home prices that only a few months ago seemed so high as to be preposterous, are now accepted with Prozac-like calm. Ironically, today, some even appear to be pretty good deals. All of a sudden, prices are increasing on Internet time.
Although this is wonderful if you are a seller, your approach to pricing still needs to be suitable for current conditions. Taking pricing lightly, or basing it on the wrong assumptions, could easily be a $50,000 mistake.
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