Many homeowners that have been thinking about selling their homes are gearing up for the busy season to finally put their home on the market. When you own a home, it is only natural to want to get as much as possible when you sell it. As tempting as this might be, you want to be sure that you aren’t overpricing your home. This can come with some costly consequences. The Tina Peterson Team is here to talk about what the risk you might face are when you overprice your home in today’s market.
House Price Makes a Big Impression on Buyers
From the moment a potential buyer sees your home go on the market, there are a couple of things that are going to automatically stand out, the price and the photos of it. This is the first impression that you can only make once. It will set the tone for how that buyer feels about your home. If you have priced your home too high, these buyers might quickly dismiss your house. This is especially true if the price of your home seems over inflated. The last thing you want is a potential buyer to right off your home without even stepping foot inside the door. Even if they do come to see the house, if the price is too high, they will likely walk away without making an offer.
Your Home Might Sit on the Market
Most homeowners that are interested in selling their homes aren’t wanting to sit for too long with their lives in limbo. If the price of your home is too high, that might happen though. Your home might sit on the market much longer than it would if it were priced competitively. Some sellers might think that they can simply lower the price if they have to, but this can be a bad sign for buyers as well. If they see that a homeowner has lowered the price of their home, it could be a red flag for them. They will wonder what issues the house has to make the price drop.
Rely on Real Estate Agents to Set the Price Right
It can be difficult to know exactly how much your home is worth and where you should set the selling price. This is where a trusted real estate agent will be helpful. They have the experience and the insider knowledge about home prices in your area to help you set the price at one that will maximize your profit and appeal to as many buyers as possible.
Residential House & Condo Property Sales in Greater Ann Arbor, Brighton, Highland, South Lyon, Milford, Pinckney & Howell, MI | Southeast Michigan Real Estate
If you are ready to sell your home, you can turn to The Tina Peterson Team to help you set the price right. We know what it takes to sell a home and will help you get your home sold quickly. It is our goal to help you get the most money for your home without turning away buyers with an price tag that is too high. Call us today!