Trends - April 2006 Home Sellers: Overpricing Was Biggest Mistake They Made When Listing Homes
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, Inc. The margin was nearly three-to-one over the second choice.
Other mistakes included:
-- 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
-- Failure to disclose known defects or problems
-- Underpricing their properties
-- Not utilizing Internet technology to market their properties
Red Hot Real Estate
Values in some Mexican markets have been as hot as a habanero, leading to the development of a new Web site, MexicoBuyersGuide.com. The site features helpful advice that runs the gamut from home loans, terrific new places and top Realtors, to useful financing information and timely tips and terms. Free, informative, and easy to use, MexicoBuyersGuide.com prepares those with an eye in the Mexican market with the tools to navigate the first steps to real estate success. For more information, visit www.MexicoBuyersGuide.com.
Bonuses
Buy Apartments
(KRT)—Wall Street bonuses for 2005 will be at a record high, according to New York Controller Alan Hevesi: a staggering $21.5 billion. And while it’s early in the game, it looks like bonus recipients will spend record sums on Manhattan apartments.
As of late February, one-third of the apartments in one Wall Street building had already been sold to Wall Street bankers who have received their latest bonuses.
Apartment shopping began in December—when rainmakers from Morgan Stanley and Goldman Sachs started finding out how big their checks would be—and was projected to continue through March. |
