Even when the market’s hot, there are still sellers who insist on overpricing their homes. To borrow from the car analogy, there may be instances when there are a ton of car buyers, but it’s never a guarantee that someone is going to pay $45,000 for your 2015 Kia Sorrento, right?
Buyers and their agents know full well when a property is overpriced, and they’ll simply pass it by.
Maybe bumping up the price a little in the beginning can allow you to test the water a bit but keep it reasonable. If your home is worth $650,000, don’t price it at $799,000 just to “see what happens”. The answer is your property will sit on the market for far too long.
We offer a free market analysis for properties throughout Southern California, so give us a call and let’s figure out the best starting point.
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Even when the market’s hot, there are still sellers who insist on overpricing their homes. To borrow from the car analogy, there may be instances when there are a ton of car buyers, but it’s never a guarantee that someone is going to pay $45,000 for your 2015 Kia Sorrento, right?
Buyers and their agents know full well when a property is overpriced, and they’ll simply pass it by.
Maybe bumping up the price a little in the beginning can allow you to test the water a bit but keep it reasonable. If your home is worth $650,000, don’t price it at $799,000 just to “see what happens”. The answer is your property will sit on the market for far too long.
We offer a free market analysis for properties throughout Southern California, so give us a call and let’s figure out the best starting point.
