Many sellers believe that if they price their home high initially, they can lower it later.

 

Often, when a home is priced too high, it experiences little activity. Gradually the price will come down to market value, but by that time it's been for sale too long and some buyers will be wary and reject the property.

On occasion, the price is dropped below the market value because the seller runs out of time. The property sells for less than it's worth.



You may think that interested buyers "can always make an offer," but if the home is overpriced, potential buyers looking in a lower price range will never see it.

Those who can afford a home at your asking price will soon recognize that they can get a better value elsewhere.



As soon as a home comes on the market, there is a flurry of activity surrounding it. This is a crucial time when Real Estate Professionals and potential buyers sit up and take notice.

If the home is overpriced, it doesn't take long for interested parties to lose interest. By the time the price drops, a majority of buyers are lost.
 

Christina Candy, B.A. Paralegal
TOP PRODUCER

- Broker -

candy@candyhomes.com

Harvey Kalles Real Estate Ltd., Brokerage

2145 Avenue Road, Toronto, Ontario M5M4B2

Direct 416.399.5885

Office 416.441.2888 ex 546

Fax 416-441-9926

Not intended to solicit properties currently listed for sale
or individuals currently under contract with a brokerage.

Privacy Policy

©1999-2018 CRWork.com®. All Rights Reserved.

The material provided in the pages of this website is for informational purposes only. Although the site owner and creators assume the information to be correct, and attempt to keep information in the pages of this website as current as possible, they do not warrant the accuracy or completeness of any information included in or linked to this page.