OVERPRICING: What Does It Cost You?
March 29, 2012 In Uncategorized
1] Appraisal Problems
If your home does not appraise for the purchase price, the sale will
2] Selling the Competition
Your listing makes the lower prices of other homes seem like a bargain.
3] No Showings
Buyers are not naïve. If your home is overpriced they won’t bother to come.
Agents who cover your area will see most new listings. If your home
is branded as “overpriced”, it is difficult to reignite interest, even if
you later reduce the price.
Overpriced homes sit on the market a long time. If sales in your area
are reasonably active – and your house is sitting-
Buyers wonder: what is wrong?
You lose Buyers whose pre-set budget is outside of your advertised price.
They may never come to see your home, even if it eventually sells within
their price range.