Inman news: Consumers surveyed about top real estate errors.
Thursday, March 09, 2006
According to the following article from Inman, home sellers point to overpricing their home as their biggest mistake. The national emailed survey was conducted by HouseHunt and had interesting results.
Overpricing is the number one mistake home sellers said they made when listing their homes, according to a new national e-mail survey conducted by HouseHunt. The margin was nearly three-to-one over the second choice, HouseHunt reported.
Survey respondents said their next-biggest mistake was "dealing with the same real estate agent who represented the buyer," thereby setting up a possible conflict of interest and possibly a perception that the buyer was getting a better deal.
The third-biggest mistake noted by the nearly 400 survey participants was "failure to disclose known defects or problems." Virtually tied for fourth place were: "underpricing their properties" and "not utilizing Internet technology to market their properties."
Read the full Inman News Article.
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