Seller Overpricing Home

One of the biggest mistakes a seller can make when selling their home is overpricing their property for the market. Overpricing your home can have real negative consequences that jeopardize your ability to sell quickly. While you may think that by overpricing your home you are leaving room to negotiate, you're actually driving away potential buyers, especially when inventory is high and buyers have options. 

Currently, in Southwest Florida, it is a buyer's market, and there are a lot of great homes for sale. Additionally, some Buyers may already be feeling the strain of our current economic times and house appreciation. Buyers are, therefore, more likely to ignore homes with an inflated price. If the price of the home is unrealistic, buyers may assume that the seller has unrealistic expectations and choose not to waste their time viewing the home. 

Further, the longer your overpriced home sits on the market, the less appeal your home may have to some buyers. Homes that sit on the market for a long time often lose appeal because buyers are concerned about why the home hasn't sold. If your home sits on the market, you will likely need to reduce the selling price to get buyers' attention. 

Instead, work with an experienced real estate agent who can help you put together a reasonable and realistic selling price to help you sell your home quickly.  An agent can help you list and price your home accurately to achieve the best price, considering the market conditions. Contact us if you want to sell your home and we can help you get started right.