Why do agents insist on writing stupid things? Don't they know that telling people to hurry (217 days on the market) is like a giving a triple dog dare to Fate?
In a quick and unscientific study I looked at the average market time for properties on the North Shore of Chicago (180 days) and compared that to properties that had "hurry" (267 days) or "won't last" (221 days) in the remarks.
Now I know that correlation does not necessarily equal causation, but a 48% increase in average market time would be enough for me to stop BS-ing people in a vain attempt to sell a property quickly.
The only way to sell a property quickly is to price it low enough that everyone with even the vaguest knowledge of the market will want to hurry, lest they loose the property.
Could not agree with you more. Including the hurry up while there's a home buyers tax credit! The honest footnote to that should be: of course the home SELLER is already calculating that into how much he doesn't have to come down in his price.
Posted by: the Mayor | November 24, 2009 at 06:29 PM