The Danger of Overpricing

The Danger of Overpricing

When setting a price, why not ask for the moon?

Make no mistake, we want you to get the best possible price for your property. However, when a home is priced too high for the market:

— It attracts lookers, not legitimate buyers.

— It implies that you aren’t motivated to sell.

— It reduces the number of showings.

— It helps the competition.

— If it doesn’t appraise at the higher price, a buyer may not be able to secure a loan.

— You may ultimately have to drop your price below market value in order to sell.