Here’s four reasons why you shouldn’t overprice your home:
1. An obvious one is many of the most eligible buyers won’t see your home during their search and you will have reduced your buyer pool.
2. Most buyers do not want to make aggressive offers and insult a seller.
3. Agents working with buyers will think the seller is stubborn and be concerned about the property not appraising.
4. To engage the market, the seller very well might be forced to lower their price to re-catch the market’s attention and at a lower price than if they had started off at a more appropriate price in the first place.
There you have it, those are four good reasons to not overprice your home.
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