Property Manager MA: Don’t price your home too high
Greed will never help you if you want to sell your home. It is not an issue if you want to make a profit on the sale of your home but you need to avoid overpricing it. It does help if you can make some good money but you need to be realistic. The following factors are why pricing a home too high can be a problem.
1. You won’t get offers
If you are selling your home for a higher price than your neighbors then you are making a grave mistake. It will only help them sell their home and yours will be left on the market. You can’t get away with such a highly priced home unless you have something special like extra bedrooms or a pool. Buyers will balk at paying such a high price for your home and will prefer a home for a better value.
2. Loss of Credibility
These days’ buyers know what they are getting into as they do their research before they buy their homes. They do all their research and have an idea of the prices within the neighborhoods. If you price it too high, they will not give you a second glance.
3. Property Manager MA: You won’t be able to negotiate
You may assume that pricing a home too high will allow buyers to negotiate for a proper price. The issue with that is that the buyers make not make any queries because it is out of their budget. Hence it will leave you no one to negotiate with.
4. Agents won’t always tell you the truth
The only people who will be fine with a high price are the agents who will not be able to tell you that the price is too high. A good agent will always stop you from doing that as he will know that there won’t be a sale. An agent who won’t tell you the truth is someone you should not go with. It is always good when an agent tells you to lower the price and be more realistic.
5. A stitch in time saves nine
When you put your home on the market, you have the attention of the buyers. So this is why you need to price it in such a way that it doesn’t seem too low or too high. You should be able to get the attention of all the buyers because it will be freshly on the market. That way you will get all the offers you require and be able to utilize your time. Pricing it too high will waste you a lot of valuable time in the market and buyers will wonder if there is something wrong with it.
We hope you liked our guide “Property Manager MA: Don’t price your home too high”.