What's the worst mistake when selling a property?

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Landlord · Seattle, WA · Member since 2010 · 3k+ posts · 1k+ votes
15y

Not sure that I completely understand the question either.

Overpricing a home or overbuilding for a neighborhood would be serious mistakes when selling.

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  • Real Estate Investor · NY · Member since 2008 · 313 posts · 87 votes
    15y

    huh?

  • Contractor · Atlanta, GA · Member since 2008 · 978 posts · 985 votes
    15y

    Underestimating the effect that the end of the first-time homebuyer tax credit would have...

    About the time I stuck a property on the market, the whole darn zip code (And all of the surrounding areas) lost about $60,000 in value. (Yes, it was dominated by first time buyer houses.)

    Yeah... that one took awhile to get over.

  • SFR Investor · CB, IA · Member since 2011 · 91 posts · 42 votes
    15y

    Not entirely sure I understand the question, but....I'd say the biggest mistake when selling is not disclosing everything about the property that legally needs to be disclosed. It can, and eventually will, come back to bite you.

  • Landlord · Seattle, WA · Member since 2010 · 3k+ posts · 1k+ votes
    15y

    Not sure that I completely understand the question either.

    Overpricing a home or overbuilding for a neighborhood would be serious mistakes when selling.

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