4 Reasons to Avoid Overpricing Your For-Sale Home

Studies show that the longer a house 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 home to sell. The current real estate market has low housing inventory and higher priced homes, so overpricing your for-sale home by even a few thousand dollars could mean that your house will take longer to sell or worse; not sell at all! Here are 4 reasons to avoid overpricing your for-sale home.

1.) Less Offers: Incorrect home pricing for the current market could minimizes the number of offers you receive, because it’s not priced comparable to the current market.

2.) Wastes Money: Overpricing your home wastes advertising dollars, because you’re losing money when you advertise a home that’s priced too high. Your home stays listed longer with continual price reductions and additional advertising time.

3.) Less prospects: Over valuing your home on the market lowers prospects, because potential buyers choose not to view a home priced higher than the rest of the neighborhood. It also limits qualified buyers from purchasing your home, because it’s priced out of their budget.

4.) Less Showings: The less people who see your home for sale, the less likely you are to sell it within the average seven-week window it takes a home to sell.

Do you know the real value of your for-sale home? Is your Phoenix home competitively priced to sell? It’s time to find out! Contact the Regal Team today for a personal market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for 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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