If you’re thinking of selling your home, you may be tempted to price it above the average market value. After all, isn’t your home worth more than the others on the market?

Unfortunately, pricing your home too high can actually backfire. By overpricing your home, you could end up:

– Scaring away potential buyers: If a home is overpriced, buyers may assume there’s something wrong with it. They may also be turned off by the idea of negotiating with the seller.

– Losing out on potential profits: An overpriced home is likely to sit on the market for a longer period of time. This means you’ll end up paying more in carrying costs, such as mortgage payments, taxes, and insurance.

– Facing a lower eventual selling price: If your home doesn’t sell after a few months, you may be forced to lower the price anyway. And, if the market has softened in the meantime, you could end up selling for less than you would have if you’d priced it correctly from the start.

If you’re not sure what your home is worth, it’s best to consult with a real estate professional. They can provide you with a comparative market analysis that takes into account recent sales of similar homes in your area. With this information, you can price your home accurately and avoid the potential pitfalls of overpricing.

#realtor #branson #nightlyrentals #bransonmissouri #bransonrealestate #bransonrealtor #realestateinvesting #realestateagents #realestatelife #realtor #homesforsale #realestatelife #bransonmo

Looking to buy or sell your home? Real estate purchases are some of the most important decisions most people make during their lifetimes. To see a current list of Branson area homes, visit https://ift.tt/mERxrCY