Saturday, July 2, 2011

7 Reasons to Reduce Your Price

One More Reason:   Interest rates are likely going up, which historically creates downward pressure on property values.  A 1% increase in the mortgage interest rate needs a 10% decrease in principal to maintain the same monthly payment.  If you need to sell your home soon, Sellers should seriously consider price positioning their properties to be the very next one to sell in their respective communities.
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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

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