In the Real Estate industry there is nothing that will cause a home to languish on the market more than an improper list price. Of course there are countless homes that come on the market across the country daily that are in fact overpriced.
There are two ways that homes entering the market are overpriced. The first is an agent convincing a seller that their home is worth more than it actually is. This happens quite a bit and in Real Estate circles it is known as "buying a listing".
The scenario involves a perspective seller interviewing Realtors and choosing the agent to use based on the market value given for their home. This is absolutely one of the worst ways to go about picking a Realtor. Unfortunately this means of choosing a Real Estate agent happens all the time!
The second way that homes end up coming on the market overpriced is a seller having unrealistic expectations and a Realtor just going along with it. The Realtor takes the overpriced listing and runs with it. At some point the agent hopes that the seller will come to their senses and get realistic with their pricing.
To continue reading see how to know your home is overpriced. The article is a humorous look at how so many home seller's will look beyond pricing as to why their home is not selling. You will see ten ways to know if your home is overpriced. I am sure many Realtors will relate to the post as we hear these things from home seller's all the time!
We all know by experience that overpricing Real Estate is the kiss of death. Don't make the mistake of overpricing your home! Look at the market data objectively and make an informed decision. Real Estate data never lies. Please take the time to click the link.
I am sure you will enjoy the article as it will surely hit home with your experience of being in the Real Estate business with those seller's who have unrealistic expectations. if you enjoy the article please consider social sharing - thanks!
Bill Gassett is a thirty-two year veteran to the real estate industry. He enjoys providing helpful information to buyers, sellers and fellow real estate agents to make sound decisions. His work has been featured on RIS Media, National Association of Realtors, Inman News, Placester, RESAAS, Credit Sesame and others.