If Your House’s Price Is Not Compelling...
If Your House’s Price Is Not Compelling... It’s Not Selling It might seem like overpricing gives you room to negotiate or could really boost your profit, but the reality is it usually backfires. Do you know why? The Longer Your House Sits, the More Skeptical Buyers Will Get There’s one big mistake you need to avoid when you sell your house this year: setting your price too high. It might seem like overpricing gives you room to negotiate or could really boost your profit, but the reality is, it usually backfires. In fact, according to Realtor.com almost 20% of sellers (that’s 1 in 5!) have to reduce their price to get their house sold. And you don’t want to be one of them. Here’s why starting too high can lead to trouble, and how to avoid it. Overpricing Pushes Buyers Away With mortgage rates and home prices where they are right now, buyers are already stretching their budgets to make a move. So, when they see a house that’s priced too high, they’re not thinking, “I can negotiate....
