Signs That Your Home Is Priced Too High

Signs That Your Home is Priced Too High and What To Do About It

When selling your South Charlotte house for sale, it’s crucial that it isn’t overpriced. Overpricing a home is one of the top reasons that it doesn’t sell, so it’s a must to get the price point right the first time. It may seem attractive when an agent prices your home higher than you anticipated, but be weary and ask questions. Overpricing can actually mean you get less money in your pocket in the end! Read this article for tell tale signs that your home is priced too high so that you can fix the issue right away before it hurts your real estate transaction!  

Much Higher Than Surrounding Homes

If your house for sale in South Charlotte is listed significantly higher than your neighbors’ homes, make sure you’re in the right bracket. A good agent does a comparative market analysis when pricing a home. This involves an analysis of the homes sold in your neighborhood for the past 6 months.

If your home boasts a skyrocketing price, there’s a chance your agent didn’t do his or her homework properly. This can causes issues with bank appraisals and make selling your house a nightmare.

No Offers

If a home is priced correctly, the seller should generally receive an offer within one to two weeks of listing a house. However, there are exceptions to this rule. For example, luxury homes and waterfront properties often take longer to sell.

You Keep Receiving Much Lower Offers

Sometimes when a home for sale in South Charlotte is priced too high, it still receives offers. However, they will consistently be “low ball” offers. Before you get frustrated with potential buyers, make sure to consider that perhaps your asking price is too high for the property.

Low Internet Interest

A quality agent can provide you with Internet traffic statistics and property inquiries. If Internet traffic for your house for sale is slow, this could be a sign that the price is not right. Home buyers usually start their search online, so this is a great tool to analyze your price point.

Are you interested in more signs that your home is priced too high? Contact Homes By Cross today. We specialize in analyzing your particular Charlotte neighborhood and getting the price right the first time!