Q: Gerald, I’ve been arguing with my business partner about what sales price to start with on a house we just rehabbed. We want to get the highest price we can, any suggestions? Reggie, South Orange, NJ A: Reggie, great question. Like you and your business partner, everyone wants to get the highest price they can when they sell a home. The a mistake that a lot of people make when they sell a home is overpricing their property. I understand the mistaken logic that many people use when they make this critical error–they figure, if their property is worth say $250,000, maybe I should put the property on the market at $300,000 and see if I get any takers? […]
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