| SEPTEMBER 29, 2011 Thu |
| Pics Boost Your Home's Price But Delay the Sale |
| Photos in real estate listings raise a home's ultimate selling price but tend to increase the number of days it stays on the market, perhaps because buyers need more time to process the information that photos provide, says a team led by Justin D. Benefield of the College of Charleston. On average, a seller can get an additional $11,500 by posting photos, but at the expense of about 20 additional days on the market, the research shows. |
| Source: On the Relationship Between Property Price, Time-on-Market, and Photo Depictions in a Multiple Listing Service |
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