Avoid the common pitfall of overpricing your home when selling. While it might seem like a strategy to negotiate or increase profit, it often backfires. Realtor.com reports that nearly 20% of sellers end up reducing their price to sell.

WHY OVERPRICING IS RISKY

• Deters Buyers: With current mortgage rates and home prices, buyers are cautious. An overpriced home may lead them to skip your listing entirely, reducing showings and potential offers. An article from the National Association of Realtors (NAR) explains: “Some sellers are pricing their homes higher than ever just because they can, but this may drive away serious buyers . . .”
• Prolonged Market Time: Homes priced too high tend to linger, causing buyers to question what might be wrong. Even after price cuts, skepticism remains, as noted by U.S. News.

FINDING THE RIGHT PRICE
Collaborate with a knowledgeable local real estate agent who provides honest pricing advice based on market data. The right agent will help you set a competitive price that attracts buyers and ensures a strong return.

BOTTOM LINE
A compelling price is key to selling. Partner with an expert agent to price your home correctly, ensuring it stands out and sells quickly. Let’s work together to achieve the best results for your home sale.