Avoid This Costly Home Selling Mistake | Overpricing Your Home

Far too often, even as recently as this month, we’ve noticed sellers making a costly mistake. Against gentle encouragement, they price their home too high just to 'see what happens.' And almost always, I can tell you exactly what happens from there. (And it isn’t happily ever after).

The Overpricing Dilemma:

When your home is overpriced, it sits on the market much longer than necessary. Buyers get deterred, assuming something is wrong with the house or that the sellers aren’t serious about selling. After weeks with hardly any traffic, the inevitable price drop happens.

But by then, the excitement has worn off, and your home gets passed by, so it keeps on sitting on the market. Not exactly the outcome anyone wants when selling their home.

A Smarter Approach:

The good news is it doesn’t have to be this way. By finding an agent who knows your neighborhood and taking to heart their CMA-backed pricing recommendation, you’ll watch your home get the attention it deserves which leads to a successful closing.

Curious About Your Home's Value?

Are you curious about your home's value this fall? Contact one of our agents to get a free home evaluation. No obligations, just valuable insights to show you what your home is worth.

Conclusion:

Overpricing your home can lead to unnecessary delays and complications in the selling process. By heeding the advice of knowledgeable agents and pricing your home strategically, you can ensure a smoother and more successful home sale. Don't let this costly mistake hinder your home-selling journey.