The Home Seller's Kiss of Death - Overpricing PT I

By
Real Estate Agent with Ramsey-Shilling Associates 01831063

You lived in your Toluca Lake, Hollywood Hills or east San Fernando Valley home forever. You've been a proactive homeowner and kept up with repairs and upgrades. You love your home and neighborhood to this day but life has changed and you've ultimately decided to sell. 

 

Since your home has the "best location in the subdivision" and the biggest lot (by a few sqft) and extra storage, surely your home will garner more for its sale than the Smith's home down the street did 6 months ago. Beside online portals like Zoolia "estimate" your home's value at $200K over actual local comparable and the real estate Agent whose constant mailers you surely receive says he will put it on the market for the exact price you want. Here is where you must STOP! Take a breath, open your eyes and know this in order to avoid the Home Seller's Kiss of Death: The market sets the price. Yes, the market sets the price. I will explain how that works in Part II.

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Toluca Lake Real Estate Agent

Risa Liebster, Realtor BRE #01831063 | Ramsey-Shilling Associates 818.397.9188

Toluca Lake - San Fernando Valley - Los Angeles Real Estate www.TolucaLakeRealEstate.net | www.TheHillsandValley.com

If you or someone you know is looking to purchase or sell real estate in Toluca Lake, Hollywood Hills, Burbank, Studio City or an adjacent area of Los Angeles, California / the San Fernando Valley please don't hesitate to contact me. I would love to help make your dreams come true!

 

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Comments (3)

IRMA Beltran
Century 21 M & M and Associates-Turlock homes Real Estate - Turlock, CA
Your Real Estate Agent 4 Life Always there 4 You!

You got it Risa, the key words the market sets the price. If you over price you loose some of that market opportunities that come with pricing you property right.

Have a Wonderful Blessed Day!!!

Oct 03, 2015 09:48 AM
Risa Liebster
Ramsey-Shilling Associates - Los Angeles, CA
Toluca Lake Real Estate

Irma - So true!

Oct 03, 2015 02:48 PM
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Risa,

 

Once a property gets in buyers agents minds as overpriced they are unlikely to show it even if sellers drop the price. 

Oct 04, 2015 08:16 AM