Top 5 Dangers of Overpricing Your Candlewood Lake Waterfront Home

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Post on 14-Apr-2017



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  • Top 5 Dangers of Overpricing Your Candlewood Lake Waterfront Home

  • As a seller, you want to get the most from the sale of your Candlewood Lake or Lake Lillinonah properties. However, the motivation to get the most money possible for your sale could lead to a host of problems.

  • Here are some of the reasons why

    overpricing your home is a bad idea.

  • It discourages possible buyers from making offersIf your home is overpriced, it will discourage prospective buyers from making offers. This is especially true if the difference between the asking price and the market value is significant. Buyers looking for Candlewood Lake real estate will not waste their time on overpriced homes. Instead, they will spend their time and energy on homes that appear to give them better value for their money.

  • You end up helping other homes sellIf you make the mistake of overpricing your home, youll end up helping sell your neighbours house. The buyer's agent will concentrate on showings based on the buyer's preferred price range. When you overprice your home, prospective buyers will see what a great value the other Candlewood Lake homes are and your home will end up languishing on the market.

  • Your home will sit on the market longerOverpriced homes tend to sit on the market longer. The longer your property languishes on the market, the more likely it is to become stigmatized as a home with problems or a stale listing. Prospective buyers will begin to think that something is wrong with the house that is why no one is eager to put in an offer.

  • You will experience tougher negotiationsMost buyers look at many homes before finding one thats perfect for them. If a buyer views your home despite the fact that it is overpriced, you may experience problems when it comes to negotiations because your home has been on the market for a longer period of time. As much as possible, buyers dont want to get involved in a lengthy negotiation with a seller who they might deem as unreasonable.

  • If you want to sell your home quickly, you need to make sure that your home is priced correctly right from the start. Dont leave this crucial step to chance. Hire an experienced real estate agent to help you come up with the best selling price for your home. Youll be glad you did once your homes sells faster and at or very near the price you expected.

  • Check out today for more home selling tips

    and suggestions.

  • If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real

    estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.