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Are for sale by owner homes overpriced?
Pub Date: 7/28/2008 4:22:32 PM
For the most part I would say yes. But in this market what is really considered overpriced? We are facing a very tough real estate market where financing a home is getting harder and harder. A qualified buyer must have not only stellar credit but also a down payment of at least 10% down if not more. This fact plus the increase in foreclosure activity is putting a lot of pressure on prices as the supply of homes for sale increase. Now qualified buyers are looking for bargains, and there is a lot of them out there. So if you are looking to sell your home, sell it yourself, advertise online for free or for a low fee and price your property to sell!
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