Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices 5 Unintended Consequences of  Overpricing Your House When Selling...

 

Know the facts and study it carefully. The pricing of your home should not be set on hope, automatic computerized CMA's and/or false

homeowner illusions. The price of your home should be set by square foot comparisons, current local market conditions, major

improvements or lack of, pending sales, sold comps and the number of similar active listings in the area. 

You need guidance, advice and direction from an experienced professional to set the right price to sell, follow their advice and simply don't look back.

What happens when you ignore this and decide to "test" the market and just see if someone is willing to pay you more than what your home is worth? 

 

These are my:

Top 5 Unintended Consequences of  Overpricing Your House When Selling...

 

 

#1  

Reduces REALTORS® activity because they know your house is over-priced and

don’t want to waste their time showing it to their client buyers. Time is money and their focus is to help their clients find the best values out there. 

Dealing with an unrealistic seller with an overpriced home will make their jobs more difficult and waste a lot of time.

 

#2 

 Attracts the wrong buyers because they are expecting more amenities in the home based on the price alone. 

Once they see an overpriced house, they will compare to others that are priced correctly on that price range.

While an overpriced house sits alone with no buyers interested, 

They are comparing the price of the house with "other" listings...

and the "other" listings suddenly become more attractive when compared to your overpriced home. 

 

#3  

Eliminate offers by default. An overpriced house attracts low offers....

Why not?. A house that has been in the market for a long time, will not attract a fair offer, on the contrary

A house that ha been in the market for a long time will be branded as desperate sellers with unrealistic expectations. 

 

#4  

Loses interested buyers who might have looked at it but

didn’t think the seller would consider their offer and simply move on 

Most  buyers are not willing to take the effort to write an offer, put up earnest money, and take the time it takes to find

out if the seller will take less? 

 

#5

 Every house has a reputation, and you need to protect it.

As you accumulate "Days on Market" while trying to sell an overpriced home, 

your chances of getting it sold for top dollar is almost impossible.

You will end up attracting only low-ball offers looking for a bargain as

your home sits unsold with the appearance that "there must be

something wrong with that property being in the market so loooong!".

Commit to sell or wait until you are...

Price it right from the very beginning.

That's my advice.

 

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision,

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

 

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540