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The Danger of Overpricing

When setting a price, why not ask for the moon?

Make no mistake, I want you to get the best possible price for your property. However, when a home is priced to high for the market:

  • It attracts lookers, not legitimate buyers.
  • It implies that you aren't motivated to sell.
  • It reduces the number of showings.
  • It helps the competition look better.
  • If it doesn't appraise at a higher price, a buyer may not be able to secure a loan.
  • You may ultimately have to drop your price below market value in order to sell.

 

Char Brown 1-800-462-0197
Taylor and Taylor Realty Co. 3891 N.W. Hwy 101 Lincoln City OR, 97367