Tuesday, September 20, 2005

Katrina to KO Cape Cod?

At least one agent in a vacation home mecca expects a short-term slowdown because of Hurricane Katrina. A Cape Cod, MA agent told the Wall Street Journal sellers should price homes about 5% below the asking price of comparable homes on the market for at least a month, to "create urgency."' Don't want to lower your price? Then pull the home off the market for at least a year, he says.

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