8 Reasons to List your Home at the Proper Price

For those of you considering listing your house soon, or in the future when you do list your house. Here are some things to consider pertaining to the price of your property.


OVERPRICED PROPERTIES fail to compete with others on the market. Buyers look at many properties and eliminate by comparison. Your home may help sell others.


OVERPRICED PROPERIES fail to meet the Buyer’s expectations. People expect certain things for a certain price and become disinterested when a property does not meet their criteria.


OVERPRICED PROPERTIES remain unsold for a long time causing Buyers to be wary. Many times they won’t even of consider making a lower offer.


OVERPRICED PROPERTIES can turn a Buyer from one area to another. Someone qualified to buy in your location may disqualify themselves if confronted with even one or two overpriced homes.


OVERPRICED PROPERTIES can ultimately cause a monetary loss. Consider your carrying costs for the next six months. The market may come up to your price in that time, but you've already invested more, plus you may be running the risk that your property is considered to have a problem or that you are an uncooperative seller.


OVERPRICED PROPERTIES reduce advertising response. A Realtor who repeatedly advertises properties that are overpriced, soon becomes known as a poor merchandiser.


OVERPRICED PROPERTIES will not be shown by realtors. Buyers expect realtors to take them to properties that have been priced appropriately within their price range.


OVERPRICED PROPERTIES make it difficult for a Realtor to build a sound business. Ethical Realtors don’t take listings that are overpriced just for the sake of getting a listing. Ethical Realtors sometimes have to tell sellers what they don’t want to hear. Since, Realtors get paid on exactly what you and the buyer agree upon for a selling price, they have no motivation to recommend listing prices for less than what they believe the market will bear. If a Realtor is willing to list your home overpriced, ask yourself why he might do that. The Realtor most likely has an alterior motive which doesn't revolve around the expectation to sell your home at that price.