The Pitfalls of Over Pricing

Thank you for visiting our blog. Here is some information on what happens when you over price a property.

It will take longer to sell: Time costs money. Property priced over appraisal takes longer to sell.

You will have fewer showings: Real estate agents hesitate to show over-priced listings.

You will receive lower offers: The longer your property is on the market the more it appears there is something wrong and buyers will make lower offers.

Your property will help sell other properties: If your property is overpriced, it will be used as a springboard by buyers to compare with similar properties. Your property will make these comparable properties look like a steal.

Can't get a loan: Even if property sells over the appraised price, the bank won't finance and will tell the buyer why.

If you would like a free no obligation consultation on how to accurately price your property in order to avoid these pitfalls, contact me at the contact information in the side bar.

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