Cathy Johnson Mississauga Real Estate
Cathy Johnson
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Common Selling Mistakes


Mistake #1 -- Placing the Wrong Price on Your Property
Every seller obviously wants to get the most money for his or her product. Ironically, the best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.

Mistake #2 -- Mistaking Re-finance Appraisals for the Market Value
Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimate the value of your property to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Your best bet is to ask your realtor for the most recent information regarding property sales in your community. This will give you an up-to-date and factually accurate estimate of your property value.

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Common Selling Mistakes

There are some common errors that can be avoided when you are selling your home. I want to make sure you are well informed.


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TODAY'S TOP NEWS STORIES

Yahoo! News: Top Stories
Dems choose Obama in historic acclamation (AP) 8/27/2008 8:47 PM

The Deleware delegation, including Abby Betts, of Feltom, Del., celebrate as they cast their votes in the roll call during the Democratic National Convention in Denver, Wednesday, Aug. 27, 2008. (AP Photo/Jae C. Hong)AP - Barack Obama stepped triumphantly into history Wednesday night, the first black American to win a major party presidential nomination, as thousands of Democrats transformed their convention hall into a joyful, shouting celebration.


Clinton forcefully endorses Obama (AP) 8/27/2008 8:53 PM

Former President Bill Clinton acknowledges the crowd before speaking at the Democratic National Convention in Denver, Wednesday, Aug. 27, 2008.  (AP Photo/Ron Edmonds)AP - Former President Clinton gave his full-throated endorsement to Barack Obama's bid for the White House on Wednesday, telling delegates to the Democratic convention that Obama is "ready to lead America and restore American leadership in the world."


Western nations warn Russia to `change course' (AP) 8/27/2008 8:43 PM

The U.S. Coast Guard cutter, Dallas at Georgia's Black Sea port of Batumi, Wednesday, Aug. 27, 2008. The U.S. military ship on Wednesday docked at the Georgian port carrying humanitarian aid.  The Dallas, had originally been slated to dock at the Black Sea port of Poti, which is still controlled by Russian forces. But instead it arrived in Batumi, a port well south of the zone of fighting in this month's war between Russia and Georgia. ( AP Photo/Sergei Grits)AP - Western leaders warned the Kremlin on Wednesday to "change course," hoping to keep the conflict from growing into a new Cold War after tensions broadened to imperil a key nuclear pact and threaten U.S. meat and poultry trade with Russia.


Gustav kills 23; New Orleans makes evacuation plan (AP) 8/27/2008 8:19 PM

A family stays together during heavy rains caused by Hurricane Gustav in Leogan, southern Haiti, Wednesday, Aug. 27, 2008. The death toll from Hurricane Gustav is up to 22 in Haiti and the Dominican Republic. Haiti's civil protection director Marie Alta Jean-Baptiste says mudslides and flooding have killed at least 14 people in Haiti, including a young girl who was swept off a bridge by floodwaters. (AP Photo/Ariana Cubillos)AP - Gustav stalled offshore Wednesday and poured more misery onto Haiti after landslides and flooding killed 23 people. Oil workers began leaving their rigs and New Orleans drew up evacuation plans as forecasters warned the storm could plow into the U.S. Gulf coast as a major hurricane.


U.S. military to hand over Iraq's Anbar province next week (AP) 8/27/2008 8:20 PM

Iraqi police officers, at left, and U.S. soldiers attend the scene of a parked car bomb which targeted a police patrol but missed, killing 3 civilians and wounding 8 others, in the al-Jadidah area, eastern Baghdad, Iraq, Wednesday, Aug. 27, 2008. (AP Photo/Khalid Mohammed)AP - Conditions in the western Iraqi province of Anbar, where a brutal insurgency once ruled, have improved so dramatically that the United States is handing over responsibility for security in the Sunni stronghold to Iraq within days. Troops freed up in Iraq could shift to Afghanistan.


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