Determining the asking price for your home will be the most critical step in the process of selling your home.

You and your professional real estate agent will need to work hard to determine a fair market price and to avoid the pitfalls of overpricing your home for sale.

1. Qualified potential buyers may overlook your home because they immediately believe it is out of their price range.
2. Your home may be used as a comparison for a buyer looking at what is available on the low-end and high-end of his or her price range.
3. Overpriced homes tend to be on the market for an extended period of time. This causes agents and buyers to possibly believe there may be an underlying problem with the home.
4. Receiving an offer on your overpriced home may result in the potential buyer’s loan appraisal being rejected due to an unfair price.
5. Your home’s time on the market will be longer if your home is overpriced. This can be inconvenient to your daily life as well as your future plans.

We can help you avoid the pitfalls!

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