Sellers

Signs Your Home Is Overpriced

Pricing your home correctly when selling can be challenging but it is one of the most critical steps in the home selling process. One of the most common reasons why a home hasn’t sold is because it is overpriced. Here are some telltale signs that your home is priced incorrectly:

  • You’ve had few or no showings.
  • You’ve had plenty of showings, but no offers.
  • Your home has received poor showing feedback from brokers or potential buyers.
  • Your home is priced higher than similar homes in your area.
  • Other homes in your area are selling but yours is not.
  • Very few buyers are attending your open house.
  • You’re receiving multiple lowball offers.

Remember, it’s not how much money you need that determines the sale price of your home… it’s how much a buyer is willing to pay. If after 30 or 60 days you’ve had little or no activity, it’s probably time to sit down with your Realtor® to re-evaluate your asking price.

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