That's ridiculous! I won't even look at it! Yep, this is what buyers typically say when a home is drastically overpriced. Did you know that if you over priced your home, most likely it will not sell for anywhere close to what it is really worth? You will actually get less money and not be moving any time soon! The Market sets the price not the Realtor or for that matter the Seller. The reason it will take longer to sell is because the market has to catch up to your price and that could, in some cases, take years.
Often, buyers who can afford it won't even look because the home might accidentally be thought to be out of their price range. Or, they may realize it is over price and refuse to consider it. Your best opportunities to sell come within the first 30 days of going on the market. Additionally, you will also be unwittingly assisting other homes to sell at your expense.
10 signs of over pricing a home:
1. No showings
2. No second showings
3. Showings but no offer
4. You are only getting "Low-Ball Offers"
5. Buyers look at your home but buy another
6. Top Agents have turned down the listing
7. Your listing expires unsold
8. You are on your 3rd listing with a 3rd agent at the same price
9. No other homes in the area have sold for that price
10. You believe your home is the best home, and need the money
Are you searching for homes to buy in Viroqua or Vernon County Wisconsin
call Mary Strang therteam.com RE/MAX Hill Country Realty 608-637-3599
