Top 5 Unintended Consequences of Overpricing Your House When Selling...
ENE
05, 2022
#1
Reduces REALTORS® activity because they know your house is over-priced and
don’t want to waste their time showing it to their client buyers. Time is money and their focus is to help their clients find the best values out there. Dealing with an unrealistic seller with an overpriced home will make their jobs more difficult and waste a lot of time.
#2
Attracts the wrong buyers because they are expecting more amenities in the home based on the price alone. Once they see an overpriced house, they will compare to others that are priced correctly on that price range.While an overpriced house sits alone with no buyers interested,
They are comparing the price of the house with "other" listings...and the "other" listings suddenly become more attractive when compared to your overpriced home.
Maxus Realty Group Agents are local specialists with knowledge to help you buy and sell the right home, at the right price.
We are passionate about you as a client, we will always protect your best interests just because it's the only way we do business day in and day out.
Today, we'll talk about Top 5 Unintended Consequences of Overpricing Your House When Selling...
Know the facts and study it carefully. The pricing of your home should not be set on hope, automatic computerized CMA's and/or false
homeowner illusions. The price of your home should be set by square foot comparisons, current local market conditions, major
improvements or lack of, pending sales, sold comps and the number of similar active listings in the area. You need guidance, advice and direction from an experienced professional to set the right price to sell, follow their advice and simply don't look back.
What happens when you ignore this and decide to "test" the market and just see if someone is willing to pay you more than what your home is worth?
These are my:
Top 5 Unintended Consequences of Overpricing Your House When Selling...
#3
Eliminate offers by default. An overpriced house attracts low offers....Why not?. A house that has been in the market for a long time, will not attract a fair offer, on the contraryA house that ha been in the market for a long time will be branded as desperate sellers with unrealistic expectations.
#4
Loses interested buyers who might have looked at it butdidn’t think the seller would consider their offer and simply move on Most buyers are not willing to take the effort to write an offer, put up earnest money, and take the time it takes to findout if the seller will take less?
#5
Every house has a reputation, and you need to protect it.As you accumulate "Days on Market" while trying to sell an overpriced home, your chances of getting it sold for top dollar is almost impossible.
You will end up attracting only low-ball offers looking for a bargain as
your home sits unsold with the appearance that "there must be
something wrong with that property being in the market so loooong!".
Commit to sell or wait until you are...Price it right from the very beginning.That's my advice.
Our commitment as your real estate professional is to help you find your dream home at the right timing for you.
It's the biggest purchase of your life, and can assure you that even small mistakes can be costly. BEWARE, technology changes almost daily and I can help you pinpoint all the homes for sale near your location points. I have access to over 18 million properties from hundreds of locations, including Government properties, action homes, VA homes, HUD Properties and all available private houses for sale in between.
Please call us to get started
Fernando Herboso Broker 301-246-0001
