3 Reasons Not to Overprice Your For Sale Home 

Did you know the best chance for selling your property is within the first seven weeks? Studies show that the longer a property stays on the market, the less the seller will net upon the sale. That’s all the more reason to make sure you are properly pricing your Phoenix home to sell. Even over pricing your for sale home by a few thousand dollars could mean that your house will not sell. Here are 3 reasons not to overprice your for sale home.

1.) Less offers: Overpricing your for sale home can greatly minimize the number of offers you receive from potential home buyers because it’s not priced comparable to the current market.

2.) Less qualified buyers: If you price your home too high, you’ll limit possibly qualified buyers from purchasing your home because it’s priced out of their budget. Also potential buyers may choose not to view a home priced higher than the rest of the neighborhood.

3.) More time on the market: Your home stays listed longer with continual price reductions and additional advertising time when you price your home too high. As a result, you waste advertising dollars, because you’re losing money when you advertise a home that’s priced too high.

The bottom line is over pricing your Phoenix home means you could end up less likely to sell your home within that crucial seven week window. Is your Phoenix home priced to sell? It’s time to find out! Contact the Regal today for a personal market value analysis of your home.

Melissa Dierks

The Regal Team of RE/MAX Professionals

7111 W Bell Road, Suite 101

Glendale, AZ 85308

(623) 229-0154


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