Here’s why sellers need to be careful about overpricing their homes.
Often when I meet with clients, they want to list above my recommended price. I totally understand why–after all, everyone wants to get the most money possible for their home. However, there are some major risks associated with pricing your house too high.
For example, many buyers won’t even bother to view your home if they think it’s overpriced. Instead of hoping that one person comes along who will pay a higher price, wouldn’t you rather have many buyers all competing for your home? A bidding war will naturally drive up the price, so you may end up getting your high price even if you list below what you think it’s worth.
At the end of the day, more showings mean more opportunities for you. Call or email me if you’d like to learn more about pricing or just have some questions. I look forward to hearing from you!