Tips for Selling and Pricing your Home

Posting ID : A1068457911
Date Posted : 2015-08-18
Category : Real Estate Services

Everyone wants to get the best value from their property, but overpricing your home can lead to a lot of problems.

Here are few problems of overpricing your home.

Lost Time --- As you probably know, the higher the price, the longer it will take to sell.

Stress and Cost to the Homeowner --- If a house is priced at the top market value, it must be shown in prime condition every time it is shown. Keeping a home that clean and organized over time can be very stressful.

The homeowner is losing money while the home stays on the market. Each month the homeowner has to pay another mortgage payment is money they won't get back.

Lowered Interest in the Property---As time passes, a home becomes less interesting to buyers.
Buyers see a house that has been on the market for an extended time, and they wonder what's wrong with it. Additionally, buyers may low-ball their offer, knowing that the house hasn't moved.

Issues with Appraisal --- Even if you receive an offer above the market, the appraisal could cause major issues. In order for the buyer to get financing, they have to get an appraiser to place a value on the home. The bank uses that information to determine what amount they will lend on the home. If the home is over priced, you can expect delays with closing or even have the financing denied.

Keep checking CL for more home buying and selling tips from us.
Need more information? Buying or Selling?
Contact either Jeff or Marka

Jeff Stover, Realtor

Keller Williams Realty, Group One, Inc.
10539 Professional Circle, Suite 100
Reno, NV 89521
Each office independently owned and operated

Jeff Stover, Realtor
Marka Bennett, Realtor

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