| Category: Pricing, Sellers |
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- Buyers are aware of how long a property has been on the market. If a property takes a long time to sell, buyers usually attribute that to overpricing or condition.
- Overpricing reduces the response to marketing of the property, and will not produce results.
- Buyers will look at many homes similar to yours and will compare prices. If your property does not compare favorably, it won’t sell.
- Proper pricing helps produce an earlier sale.
- Buyers avoid overpriced homes, and usually do not choose to look at them.
- Overpricing may delay a sale, causing added expenses and inconvenience. (Examples: delay of job transfer, payment on two mortgages, loss of opportunity elsewhere, etc.)
- In some instances a professional appraisal may be recommended.
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