Peter Campagna
Broker

416-745-2300
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Overpricing your Home
 
Many sellers believe that if they price their home high initially, they can lower it later.

Often, when a home is priced too high, it experiences little activity. Gradually the price will come down to market value, but by that time it's been for sale too long and some buyers will be wary and reject the property. On occasion, the price is dropped below the market value because the seller runs out of time. The property sells for less than it's worth.

Missing The Right Buyer

You may think that interested buyers "can always make an offer," but if the home is overpriced, potential buyers looking in a lower price range will never see it.

Those who can afford a home at your asking price will soon recognize that they can get a better value elsewhere.

Early Activity

As soon as a home comes on the market, there is a flurry of activity surrounding it. This is a crucial time when Real Estate Professionals and potential buyers sit up and take notice.

If the home is overpriced, it doesn't take long for interested parties to lose interest. By the time the price drops, a majority of buyers are lost.
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RE/MAX West Realty Inc., Brokerage
- Independently Owned and Operated -
96 Rexdale Blvd - Toronto, Ontario, M9W1N7
Phone 416-745-2300       Fax 416-745-1952
Email: petercampagna55@gmail.com
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