The Number One Mistake Sellers Are Making: Overpricing Their House
Posted by The Aaronson Group on
In today's housing market, many sellers make a critical mistake: overpricing their houses. This standard error can lead to a home sitting on the market for a long time without any offers. When that happens, the homeowner may drop the asking price to re-ignite buyer interest.
Data from realtor.com shows the number of homeowners realizing this mistake and doing a price reduction is climbing (see graph below):
If you're considering moving, here's what you need to know. The best way to avoid making a costly mistake is to work with a trusted real estate agent to find the right price. Here's a look at what's at stake if you don't.
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