Did You Know That Overpricing Can Reduce Your Home's Value?

Colorado Springs Real Estate Podcast with Patrick Collins

Overpricing your home comes with a few different pitfalls. Today, I’ll be talking about three, specifically.

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Sellers, listen up: Don’t overprice your homes.

Doing so can carry a few pitfalls. If you overprice, you won’t receive multiple offers or be as competitive in today’s market. In fact, overpricing your home will eventually reduce its value.

Also, you aren’t going to get as much feedback. This is because fewer buyers will come through the door and check out the home if they see that it’s overpriced.

Overpricing your home will eventually reduce its value.

You don’t want your home to become a stale listing. Buyers have access to a lot of information and technology today, so they know better than to fall for an overpriced home.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.