When it comes to selling, it is very tempting to price your house too high. A house is your biggest asset and emotionally it’s hard to be logical about the value. Here’s why you should NOT overprice your house.

1. Timing is everything. The greatest potential for buyer traffic is in the first 2-3 weeks. If priced high initially, you miss this window of opportunity.
2. Overpriced listings will not get shown. Agents & savvy buyers will only look at properties they feel are fairly priced. 
3. It benefits the competition by acting as a selling point for market-priced homes. It’s a cue to buyers to say “I can get a similar house for less!”
4. Lender trouble. Even if you found a buyer willing to pay more (a BIG IF), the loan is based on accurate appraisals. Appraisers base value on comparable sold properties.  
5. Overpriced homes sit on the market longer and then buyers think there may be issues with the property itself.  

Nothing hurts the selling process more than overpricing a property. It is the number one reason why houses don’t sell.  

If you are looking for an agent who will give you an accurate, “must know” market pricing, then give me a call.

Donna Forest M: 603-731-5151 donna@donnaforest.com Follow her on Facebook