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Overpricing Your Home


Guaranteed Marketing Plan Why are we different Overpricing Your Home Steps To Selling What’s my home worth?                                          

Sotheby’s Steamboat

Nobody sells more properties in Steamboat Springs, than Steamboat Sotheby’s International Realty. Steamboat Sotheby’s is a real estate market leader in Steamboat Springs, CO. I would be happy to present you Steamboat Sotheby’s listing presentation, where you can get familiar with our unmatched marketing plan, and many other benefits you would get when you list your property with us.

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Overpricing your home

When it comes to getting the most money for your home, with the least headaches in the shortest amount of time, nothing can stop that process faster than overpricing.

In fact, it’s the number one reason houses don’t sell. As a real estate professional committed to happy clients who are eager to get the most from their investment, sharing this “must know” information with potential sellers is on the top of my to-do list!

Pricing can be a tricky issue for many homeowners considering the sale of their property and I can help sort out the solutions and answer questions you may have so that you can be sure that you’re making the best possible decision for your family. There’s no obligation, and no high pressure “sales job.” You will be supplied only straight answers and current market information.


Timing is everything: Very often a seller asks, “We can always come down later—right?” Historically when your house goes on the market, the greatest potential for buyer traffic is in the first 30 days. By pricing it high with the intention of dropping the price later, you completely bypass your best buyer candidates.

Benefits the competitionUnfortunately, when a home is overpriced, it not only sits on the market but acts as a selling point for market-priced homes. It’s a cue to buyers to say, “I can get the same house for less!”

Lender trouble: Even if an agent agrees to list your home too high, and even if you were to find a buyer willing to pay more–these are both BIG IFs–today’s lenders are extraordinarily cautious. They base their loans on accurate appraisals and appraisers must base their price on comparable properties that have sold.

Time on market: Overpriced homes will simply sit on the market. Unfortunately, extended time on the market forces the question in a buyer’s mind of the possible bigger problems looming within the walls of the property. Put yourself in the buyer’s shoes. What are the first two things a buyer asks when they consider a property? What’s the price and how long has it been on the market?

Lower proceeds: Unfortunately, when a home starts its listing life overpriced, it almost always sells for less than market value. With few buyers to choose from, zero leverage because of time on the market, too high of an asking price, and carrying costs to maintain the property; most sellers find themselves getting the least from their investment rather than the most.

If you’re serious about selling your home, contact me today to help determine the best possible estimate for getting the results you want in the quickest possible time. I’m here to help.-970-846-1574

Overpricing Your Home was last modified: October 13th, 2018 by AgentImage