Interest vs. Weeks on the Market
Greatest Amount of Interest is in the first 3-4 weeks.
Not attract as many buyers because they’ll think it’s out of their price range.
Take longer to sell.
Make competing properties look good.
Become “shopworn.” (Oh, that property is STILL on the market, didn’t we look at that 8 months ago?)
Be overpriced in everyone’s minds (agents and buyers) and they tend not to forget.
Cause you to lose valuable time and miss out on buying your dream home.
Cause advertising dollars and marketing efforts to be wasted.
Cause negotiations to stall.
Cause appraisal problems.
End up selling below market value in order to make up for all of the above.