The Number One Mistake Sellers Are Making

In today's housing market, many sellers are making a critical mistake: overpricing their homes. This can lead to their homes staying on the market longer without offers, forcing them to reduce the price later and missing the initial peak of buyer interest.

To avoid this costly mistake, work with a trusted real estate agent to determine the right price. Here are some pitfalls of overpricing:

• Ignoring Current Market Conditions: Basing your asking price on past trends, like the pandemic boom, can lead to an unrealistic price that deters buyers. Agents stay updated on current market conditions to ensure accurate pricing.
• Pricing Based on Desired Profit: Setting a price based on what you want to make, rather than the actual market value, can also backfire. Agents use comparative market analysis to compare your home to similar properties and determine a fair price.
• Pricing High to Negotiate: The strategy of overpricing to leave room for negotiation often deters buyers from even considering your home. Agents can help you set a fair price that attracts buyers and encourages competitive offers.

Bottom Line: Overpricing your home can lead to longer market times and missed opportunities. A knowledgeable real estate agent provides objective insights and market expertise to help you price your home competitively and maximize your chances of a successful sale.

Let’s connect so you can avoid making a pricing mistake that’ll cost you.

Cell: 571-259-3009