Pricing your property competitively from the start will generate the most activity among brokers and buyers.
Time on the Market
- A property generates the most interest among brokers and buyers when it first goes on the market.
- The number of showings is greatest during this time – if it is priced at a realistic market value.
- Starting too high and dropping the price later misses the excitement and fails to generate as much activity.
- It may even become necessary to drop the price below market value to compete with new, well-priced listings.