12/15/07

Study Shows Vacant Houses Are Slower To Sell

In a recent study and article by redfin.com the #6 reason to a slow sale of a house was to show it vacant. The study suggests keeping your homeowners there. It showed 9.5% of homes that were vacant would go through a price reduction, based on what a buyers thinking process was when buying a home. When they see it empty, they automatically assume the homeowner needs to get out fast, thus bidding low.

Marketing your Home to Sell- 7 Tactics By Redfin.com
http://www.redfin.com/scientist

To avoid this underbidding, home staging and the use of furniture can turn your lonely house into a "Buy Me" house.

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