The Drawbacks of Overpricing
Posted by Admin Staff on
Both overpricing and underpricing your home when selling can be dangerous to your finances, for different reasons. However, both of these are similar in that they will result in an unfair market price. Now, it's easier for a seller to understand underpricing, but overpricing is a trickier subject. Overpricing can be more of a hindrance to the seller! How exactly? Let's go through the common drawbacks:
Longer Market Time
Homes priced out of their value range invariably take much longer to sell. The longer a home is on the market, the less valuable it becomes. Nobody gets excited about a property that has anguished for months and months on the market. In fact, the longer a home remains on the market, the greater the tendency for buyers to…
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