Why sellers need to be careful about overpricing their homes.
If you want to sell your home, you probably want to get the most money possible, right? It seems obvious, but many sellers don’t understand that the best way to get top dollar isn’t to price your home higher. In fact, overpricing your home can lead to disastrous results.
Before you decide to overprice your home, try to look at things from the buyer’s perspective. Why would they look at your home when a similar property a few streets away is priced much lower?
“Try to look at things from a buyer’s perspective.”
When you price your home too high, you generate less interest. This can cause your home to sit on the market for a long time, which is even worse for its reputation. Even if you lower your price, buyers will wonder why your house has been sitting on the market for so long. They may begin to suspect that other buyers know something they don’t, and they won’t even give your property a fair chance.
On the other hand, buyers will flock to your home if you price it for our market. The buzz and interest around your home will drive competition and bring up the price naturally. If you would like me to help you find the perfect price for your home, please call or email me. I am always willing to help!
