Direct 610-438-2239
 
Office 610-865-7776  
The Danger of Overpricing

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 to high for the market:
  • It attracts lookers, not legitimate buyers.
  • It implies that you aren't motivated to sell.
  • It reduces the number of showings.
  • It helps the competition look better.
  • If it doesn't appraise at the higher price, a buyer may not be able to secure a loan.
  • You may ultimately have to drop your price below market value in order to sell.
As the graphic below indicates, the best offers often come when a property is newly listed - if priced too high, it's difficult to create the momentum necessary to sell your home at the highest price in the least amount of time.

Troy Pressens
MBA, M.Ed, e-PRO, CIPS
Licensed in PA & NJ, Long & Foster Realtors
3101 Emrick Blvd, Suite 10, Bethlehem, PA 18040

Direct 610-438-2239 l Office 610-865-7776
Cell 908-398-4961 l Fax 610-865-3121

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