The Danger of Overpricing
When setting a price, why not ask for the moon?
Make no mistake, we want you to get the best possible price for your property. However, when a home is priced too high for the market:
— It attracts lookers, not legitimate buyers.
— It implies that you aren’t motivated to sell.
— It reduces the number of showings.
— It helps the competition.
— If it doesn’t appraise at the higher price, a buyer may not be able to secure a loan.
— You may ultimately have to drop your price below market value in order to sell.