Monday, October 17, 2011

The Danger of Overpricing Your Home

This is lifted from my friend Chris Pelkota Lee's blog,
Thinking of Selling? It's a tough market out there still for local sellers. Still, homes are still selling, and everything will sell for the right price, right? If you just said "no," consider this extreme example: even that 3,000 square-foot fixer-upper house across the street with a three-car garage will find the right buyer quickly if it's priced at only $20,000.

I'm not saying every home should be priced so drastically. That's silly. But this article from points out a few reasons why as a seller it's so important to get your pricing right from the get-go, particularly in a tough market with more competition and limited buyers.