Shoot for the moon and you might fall flat on your face… Over-pricing your home can be a huge mistake!
You’ve probably heard inventory is low in St. John’s, so how does this impact your list price? Just because buyers don’t have a lot of options doesn’t mean that they will over pay for your house. Pricing your home above what the market is telling us is a fair price can be a huge mistake. And here’s why:
#1 Most buyers search within a certain price range.
If you price your home too high, you could be missing out on a pool of qualified buyers who don’t even see your listing in their search.
#2 The longer your home sits on the market, the less you’ll likely get for it.
Think of it like this, when you are out shopping and find something on the clearance rack that’s been marked down a couple of times, you get the feeling that something is wrong with it. And buyers may think something is wrong with your home if it’s been on the market for too long or had multiple price reductions. Not the look you are going for.
#3 You are helping to sell homes that are priced right
Your competition that priced their home down the street at fair market value will appreciate and thank you for making their listing look like a great deal in comparison to yours. is that really what you want? I didn’t think so.
Now, I get it, you want to sell your house for top dollar.
But you need a pricing strategy that works to get your home sold for the most money and with the least amount of headache. And without overpricing!
Do you need help selling your house in st. john's?
We should talk! Everybody’s situation is a little bit different. I can provide you will a custom market analysis of your home and we can work together to develop a pricing and marketing strategy that gets your home sold!
TEXT ME at 709-770-5565 or CLICK HERE to schedule a meeting.
