When setting a price, why not ask for the moon?
Make no mistake; we want you to get the best possible price for your property. However, when a home is priced too high for the market:
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It attracts lookers, not legitimate buyers.
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It implies that you aren’t motivated to sell.
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It reduces the number of showings.
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It helps the competition look better.
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If it doesn’t appraise at the higher price, a buyer may not be able to secure a loan.
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You may ultimately have to drop your price below market value in order to sell.
As the graphic below indicates, the best offers come when a property is newly listed. if priced too high, it’s difficult to create the momentum neccessary to sell your home at the highest price in the least amount of time.
