Top 5 Unintended Consequences of Overpricing Your House When Selling...

By
Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

Maxus Realty Group Agents are local specialists with knowledge to help you buy and sell the right home, at the right price.

We are passionate about you as a client, we will always protect your best interests just because it's the only way we do business day in and day out.

Today, we'll talk about Top 5 Unintended Consequences of  Overpricing Your House When Selling...

 

Know the facts and study it carefully. The pricing of your home should not be set on hope, automatic computerized CMA's and/or false

homeowner illusions. The price of your home should be set by square foot comparisons, current local market conditions, major

improvements or lack of, pending sales, sold comps and the number of similar active listings in the area. 

You need guidance, advice and direction from an experienced professional to set the right price to sell, follow their advice and simply don't look back.

What happens when you ignore this and decide to "test" the market and just see if someone is willing to pay you more than what your home is worth? 

 

These are my:

Top 5 Unintended Consequences of  Overpricing Your House When Selling...

 

 

#1  

Reduces REALTORS® activity because they know your house is over-priced and

don’t want to waste their time showing it to their client buyers. Time is money and their focus is to help their clients find the best values out there. 

Dealing with an unrealistic seller with an overpriced home will make their jobs more difficult and waste a lot of time.

#2 

 Attracts the wrong buyers because they are expecting more amenities in the home based on the price alone. 

Once they see an overpriced house, they will compare to others that are priced correctly on that price range.

While an overpriced house sits alone with no buyers interested, 

They are comparing the price of the house with "other" listings...

and the "other" listings suddenly become more attractive when compared to your overpriced home. 

 

 

READ MORE: https://www.maxusrealtygroup.com/blog/1687/Top+5+Unintended+Consequences+Of+Overpricing+Your+House+When+Selling...

 
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Comments (2)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Fernando Herboso - Associate Broker MD, & VA these are important list of unintended consequences to avoid of overpricing a house when selling.

Jan 05, 2022 08:11 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Fernando Herboso - Associate Broker MD, & VA - it seems that some people refuse to see reason and have to learn the hard way.

Jan 06, 2022 03:55 AM