The Dangers of Overpricing
A listing price that is beyond MARKET VALUE RANGE can affect the sale of a property.
- Statistically, a home on the market will get the most buyer interest in the 1st six weeks of listing.
- If the price is not in the current market range, fewer buyers are attracted, and fewer offers are given .
- If marketing time is prolonged, the initial marketing momentum is lost.
- The property attracts "lookers" and helps competing houses look better.
- If a property does sell for above true market value, it may not appraise through a lender, and the buyers may not be able to secure a loan.
- Since time lapses, and buyer interest is not high, the property may eventually sell below market value.
PRICE & EXPOSURE SELL A HOME
Lots of traffic is what sells a home!
Without human bodies walking through your home, (physically or through a virtual tour) it doesn't matter if it's the best deal around or the most beautiful in your neighborhood - it still won't sell.
In order to get the most traffic possible in the shortest time:
PRICE must be right from the very beginning.
If the home is priced very near what the market analysis indicates it will sell for:
You will get the most traffic - and offers.
You may contact me at Marlene@RealtyPros.com or (860) 886-7000 x121
www.MarleneWillSell.com
;)
;)
