Login to Property Watch
Enter Email Address

The Danger of Overpricing




The Danger of Overpricing

When setting a price, why not ask for the moon?

Make no mistake, we want you to get the best possible price for your property. However, when a home is priced too high for the market:

? It attracts lookers, not legitimate buyers.

? It implies that you aren?t motivated to sell.

? It reduces the number of showings.

? It helps the competition.

? If it doesn?t appraise at the higher price, a buyer may not be able to secure a loan.

? You may ultimately have to drop your price below market value in order to sell.