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Why You Should Avoid Overpricing or Underpricing Your Home

Friday, August 13, 2021   /   by Vyral Marketing

Why You Should Avoid Overpricing or Underpricing Your Home

Overpricing or underpricing your home can be disastrous for sellers.

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In our market, most homes are still getting multiple offers and quickly selling for above asking price. However, we’re starting to see some homes coming onto the market that are priced a bit too high, and they end up sitting unsold.

When a home’s already overpriced, it’s rare that a buyer will offer to pay more. The home may still get offers, but they’ll be well below asking price. Often, they end up selling for much less than they would have if they were priced correctly.

"Pricing a home too high or too low can cause a seller to scare off buyers who would be willing to pay a maximum price for their home."

Some homes are also being underpriced, which creates large bidding wars and causes some buyers to get discouraged and fatigued. They may not even make an offer when they hit this point.

As you can see, pricing a home too high or too low can cause a seller to scare off buyers who would be willing to pay a maximum price for their home. However, because every home’s condition and location are different, you can’t rely on online valuations to determine your asking price. 

The best way to find an accurate market value for your home is to reach out to an experienced real estate professional like myself. If you’d like to learn about what your home could be worth and how you should price it, or if you have any questions about our market, feel free to reach out to me. I look forward to hearing from you soon.


  selling a home

Elite Results Realty
Rob Hale
1744 S. Val Vista Dr Ste 206
Mesa, AZ 85204
480-845-0048

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Elite Results Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. September 24, 2021
© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Rob Hale - Elite Results Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. September 24, 2021
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