OVER PRICING CAN BE COSTLY:
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OVER PRICING CAN BE COSTLY:
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 Question: Several Realtors have told me that my house is overpriced by about 20% and, in the long run, could cost me money. How can this be?
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Answer: Because overpricing stops buyers from considering your home. No matter how much is spent on advertising, an overpriced home will not sell. Prime prospects who should have bought, have gone elsewhere to buy. When a home remains unsold too long, interest stops because buyers become wary. Eventually your house will sell, but for less than you could have realized had you priced it realistically. Use extreme caution in pricing your house more than 5 percent above its market value. |
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