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Why You Shouldn’t Overprice Your Home

Sellers need to price their homes knowing that buyers expect to overpay.

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Are you looking to sell? With our track record of selling a home every 68 hours, we’re here to share how you can avoid the embarrassment of having your home sit on the market.

We’re still in a seller’s market, and the big mistake we see is that sellers will try to push the price to the farthest end of their range. Sellers are very afraid of underpricing and leaving money on the table, but it’s important to approach pricing your home strategically.

It is possible to overprice your home and make it sit on the market for a long time. In reality, because it’s such a strong seller’s market, buyers walk into a home expecting to pay over the list price because of the bidding wars. It’s important to price your home properly so that this expectation doesn’t push the home out of the buyer’s comfort range. If you’re in an area that’s seeing multiple offers, you need to be careful of scaring buyers off.

So if you’re thinking about getting into the market, give us a call. We’d be honored to start the strategic conversation with you about pricing your home.

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