Ten Signs Your Home Might Be Overpriced
If your home has been on the market for a while you might be wondering if it is overpriced. In this current market, price remains a core factor in determining how quickly a home will sell.Realtor® Minna Reid of North Windham, Connecticut offers her ten ways to determine if your home may be priced too high for your market:
The writing is on the wall – 10 signs your home is overpriced:
10. You priced along with other homes listed for sale, rather than homes that had actually sold.
9. Despite the fact values have fallen all over town and continue to decline, you believe this doesn’t apply to your home.
8. You priced your home based on how much you spent improving it.
7. You priced your home based on an appraisal from well over 3 months ago.
6. You believe your house is “unique” and different from all other homes, despite its similarities in size, age, condition and location to other homes. You believe your homes “uniqueness” warrants a higher price than all those other homes.
5. You sincerely believe that if you just stay on the market for long enough, eventually that one “right” buyer will come along, fall in love with your house and pay whatever you’re asking.
4. Despite many showings, no one has made an offer on your home.
3. Your home has been on the market for a very long time..6 months..12 even.
2. Your Realtor didn’t agree with your pricing, or worse – the original Realtor wouldn’t list your home at “your” price so you had to search for someone else who would.
1. You are getting NO SHOWINGS. This is the number one sign that your home is overpriced. If its been marketed, but no one is interested in coming inside the market has already rejected your home at its current price.
If you have questions about how to price your home right, please feel free to give me a call so we can discuss your home and your situation to make sure you don’t make the mistake of overpricing your home.
- Gotta Get Movin’ Jeff McIntyre REALTOR® Selleck AgencyCell: 989.277.3510 Fax: 866.923.4453 E-mail: Jeff@ForSaleByJeff.net
Web: http://www.ForSaleByJeff.net
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