So we're back on the proper pricing subject again? Hey, we're just trying to give you the real scoop! When pricing your home, don't think that if you overprice your home someone will still want to buy your home and be willing to make a low offer.

Most buyers are a conservative bunch. They are often uncomfortable with the low offer. They have reservations for many reasons. The most often stated reason for not making an offer on an overpriced home is: "I'm going to wait and see if the price comes down". But why wouldn't they just make a lower offer? There simply is no reason to rush into a home that is clearly overpriced. Chances are that it will still be sitting on the market in 4 weeks, maybe a couple months or even more. There is no reason for a buyer to feel a sense of urgency, plus: something else will come on the market that may be better.

Another very important reason is that if you can't get the price right, can they? They will be thinking "what should the price be?"

Lastly, the right buyer for an overpriced home will simply not see it. It will be priced outside of their criteria price range so it will never turn up in their searches and they will never get the opportunity to consider it.

Kudos:

"Buying your first home can be an intimidating experience. Having you as my agent, however, I felt completely comfortable from the beginning and that continued until the day you handed me the keys! I really appreciate the knowledge and insight you were able to provide me with. You were always available and accommodating, which proved very helpful during the times I was required to be out of town throughout the home purchasing process. If the time ever comes to buy or sell again, I can trust that with you I will be in great hands!”

~Jennifer, Seattle

George Beasley

206-617-4758
george@residentialseatle.com