Myth: Price Your Home High and Wait for the Best Offer

by Ernest Van Glahn

 

It’s a common belief among sellers that starting with a high asking price will leave room for negotiation and land them the best possible offer. But this strategy can backfire!


๐Ÿ“‰ The Problem with Overpricing

Overpricing your home may:

  • Turn Buyers Away: Serious buyers may skip over your listing if it’s priced above comparable homes.
  • Increase Days on Market: A home sitting on the market too long can raise red flags for buyers, making them wonder if something is wrong.
  • Lead to Lower Offers: Homes that linger tend to attract lower offers as buyers see an opportunity to negotiate down.

๐Ÿ’ก The Truth: Price It Right from the Start

Homes priced competitively based on recent local sales:
โœ… Attract more buyer interest early on
โœ… Sell faster
โœ… Often receive stronger offers, sometimes sparking bidding wars

Your real estate agent will analyze current market trends, comparable home sales, and buyer demand to help you set the perfect price for your property.


๐Ÿ  Thinking of Selling?
Don’t leave your pricing strategy to chance. Work with a professional agent to price your home right and make the most of your sale!

โœจ Let’s connect and get it sold!


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