One of the most common reasons a home stays on the market for a long time is overpricing. Since price can be the deciding factor, it is extremely important to get it right from the beginning.
Home buyers can have high expectations when the house has a large price tag. Once they see the house, they quickly become disappointed if it fails to live up to the hype. These feelings can spoil sales.
If your home is priced outside of a buyer’s price range you may miss out on the perfect prospective buyer. Studies have shown that overpriced houses eventually sell for lower prices than if they had been priced appropriately the first time.
Once a house has been sitting unsold for a long time, buyers wonder if there is something wrong with it...
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