Translate My Website
| Bookmark and Share | + Bookmark Website
 
Connect on LinkedIN
 
Overpricing your Home
 
Many sellers believe that if they price their home high initially, they can lower it later.

Often, when a home is priced too high, it experiences little activity. Gradually the price will come down to market value, but by that time it's been for sale too long and some buyers will be wary and reject the property. On occasion, the price is dropped below the market value because the seller runs out of time. The property sells for less than it's worth.

Missing The Right Buyer

You may think that interested buyers "can always make an offer," but if the home is overpriced, potential buyers looking in a lower price range will never see it.

Those who can afford a home at your asking price will soon recognize that they can get a better value elsewhere.

Early Activity

As soon as a home comes on the market, there is a flurry of activity surrounding it. This is a crucial time when Real Estate Professionals and potential buyers sit up and take notice.

If the home is overpriced, it doesn't take long for interested parties to lose interest. By the time the price drops, a majority of buyers are lost.
Seller's Information:
 » 
 » 
 » 
 » 
 » 
 » 
 » 
 » 
 » 
 
Century 21 Percy Fulton Ltd., Brokerage
- Independently owned and operated -
2911 Kennedy Road - Toronto, Ontario, M1V1S8
Direct Line: 416-464-3311       Bus Phone: 416-298-8200

Not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage.      Privacy Policy

The material provided in the pages of this website is for informational purposes only. Although the site owner and creators assume the information to be correct, and attempt to keep information in the pages of this website as current as possible, they do not warrant the accuracy or completeness of any information included in or linked to this page.
1999-2017 CRWork.com. All Rights Reserved.