The Dangers of Listing an Overpriced Home for Sale - Chicago Tips and Advice Blog

If you really want to sell your home effectively, “testing” the market with an inflated price for you home can be quite dangerous. First, it leads to diminished interest from buyers. An inappropriately priced home will sit on the market for long periods of time. In the real estate business, as in many other things in life, interest wanes over long periods of time. Secondly, overpricing a home attracts the wrong buyers. Remember, buyers in a particular price range are comparing and contrasting your property to other properties that they’ve viewed. Other homes with more amenities than yours will immediately put you at a disadvantage with these buyers. Finally, overpricing results in fewer offers. Believe it or not, buyers don’t want to have to give you a “low-ball” offer. A buyer wants to feel that they are in a comfortable negotiating position. Being thousands and thousands of dollars off the mark will deter buyers from even making an offer on your home. We offer free home valuation services. Contact us if you would like an accurate report done to determine the market value of your home. wwwSourceOneRealty.com 800-498-0967

Your rating: None Average: 5 (4 votes)

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <span> <img>
  • Lines and paragraphs break automatically.
  • You may insert videos with [video:URL]

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
1 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.