Aug 25 2016 23126 1

Dated: 08/25/2016

Views: 630

Image title



Recipe for disaster: The Overpriced Home

By: Linda Piercy


Ingredients:

  • A real estate agent who gives unrealistic valuations to the home owner

  • A home priced well-above neighboring properties

  • Peculiar amenities in the home – can be substituted for lack of amenities in the home

Instructions:

  • List the property online with the higher-than-comps price. Watch very little traffic occur.

  • Show the home a few times, but not a steady stream of showings.

  • Receive the common feedback word for the property – “overpriced.”

  • Home owner refuses to lower the price, citing that they want top dollar.

Expected Results:

  • The home can be marketed for months without a single offer.

  • The longer the home is on the market, the less value it has in the eyes of buyers.

  • The home owner might receive only low-ball offers for their property.


Has this happened to you? Perhaps it's time for a re-evaluation. Should you take the home off the market temporarily? Is there something about the home that can be improved? It’s not a crime to want top dollar for the property, but make sure that it doesn’t affect the overall appeal. Good luck out there and let me know how I can help!

Latest Blog Posts

Demand for Homes Still High in San Antonio Area

San Antonio – For the fourth consecutive month, area homes sales have surpassed 3,000 total sales with August reporting 3,236 homes sold, a nine percent year-over-year increase. The average

Read More

blog

Read More

4 Reasons Why Fall Is A Great Time to Buy A Home!

Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price Insights report reveals that home

Read More

Fall is coming!

Fall is just around the corner and there are things we can do to ensure our home is well taken care of before winter comes. Sometimes these are things we simply do not often think about. Stefen

Read More