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APPENDIX 2

The Seven Dumbest Mistakes Sellers Make

Dumb Mistake #1: Not Pricing Your Home at Market Value

When Terri and Ryan put their home on the market they took their mortgage balance, added in estimated closing costs, and the $67,000 they needed to get into their next home. Totaling up these figures they came up with $376,000 for a sales price.

With a lot of hope, they planted a “For Sale” sign in the lawn, put an ad in the local weekly, and waited for a buyer to come by with an open checkbook.

The first weekend went by and nothing happened. After three more weekends with only a couple of lookers and lots of calls from agents, the sellers ...

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