Potential overpricing considerations, even in a “Seller’s market”.
To avoid this temptation, let’s take a look at the eight deadly sins of overpricing:
1. Appraisal Problems
although on the buy side, some brokers use this as a “get it under contract strategy”
2. No Showings
3. Branding Problems
4. Selling the Competition
5. Stagnation
6. Tougher Negotiations
7. Lost Opportunities
8. Once an offer is extended: Cash vs Financed offer
One can always go down in price, but how easy is it to go up in price to entice buyers to consider a property?
For more real estate related artices: ActProp Articles
Cliff Daniels
Active Properties
Colorado Real Estate
720 434 1418
cliff@actprop.com