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Overpricing Your House

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    In strong real estate markets with many ready, willing, and able buyers clamoring to purchase good houses, property priced near its market value typically sells quickly. You don't need additional inducements in a red-hot market.

    But when the tables are turned, and sellers far outnumber buyers, even pleasure-pleasure-panic pricing may not do the trick (see 'Pleasure-pleasure-panic pricing: Fast, top-dollar sales' earlier in this chapter). If that's the case, you may have to offer buyers additional enticements to make a deal. In a buyers' market, the key to success is using incentives that help put a sale together instead of fancy gimmicks that tarnish your property and make it harder to sell. This section highlights a few incentives and gimmicks you may encounter when selling your house.

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    • Compare homes

      Shopping for a home is a lot like dating. It can be fun, and you might fall in love.

    • Shopping on the Internet

      Looking at homes online is a great way to acquaint yourself with what's on the market.

    • Working with a mortgage broker

      If you choose a mortgage broker, you work directly with her and she works with the lender.

    • Do the paperwork

      Read on to learn about the paperwork involved in a typical loan application.