A well-priced property creates interest, attracts buyers, generates showings, and produces offers, all very quickly.
An underpriced property will attract buyers and may sell quickly, yet may detract buyers who wonder “what’s wrong with it?” as well as be overlooked by buyers looking in a slightly higher price range.
An overpriced property will be evidenced by lack of interest, few showings, no offers, a longer time on the market, and possibly price cuts—which look bad from the buyer’s perspective.
An underpriced property will attract buyers and may sell quickly, yet may detract buyers who wonder “what’s wrong with it?” as well as be overlooked by buyers looking in a slightly higher price range.
An overpriced property will be evidenced by lack of interest, few showings, no offers, a longer time on the market, and possibly price cuts—which look bad from the buyer’s perspective.
Also, please remember, even though it’s true that a lower price will attract more viewings,
it doesn’t ensure a sale, and may not meet your financial goal!
it doesn’t ensure a sale, and may not meet your financial goal!
