"With sellers, I think the most common mistake definitely is pricing too high instead of pricing to sell. Value is the one and only most important thing right now and if property is priced too high it is not even going to be considered or shown." This from Corcoran's Susan Breitenbach, who tells Hamptons Online that buyers are at fault too, focusing too much on 'the deal' and not enough on the house. So it's a bit of a no win, but perhaps this explains the rash of recent pricechoppers on the East End. [Hamptons Online]
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