When Listing Your Home for Sale, What Are the Dangers of Overpricing It?
Overpricing your home can be very costly. Here are the dangers:
- You lose the excitement that a new listing generates
- You lose the most qualified prospects
- It helps sell more competitively priced homes first
- Your home becomes stale on the market
- You lose a strong negotiating position both financially and mentally
- If you do get an offer, the contract may fall through because of appraisal problems
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