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Pitfalls of overpricing

Pitfalls of overpricing

 

 

 

  • Buyers are reluctant to offer
  • Continuous price reductions
  • House finally sells below market value
  • Discouraging potential buyers from viewing
  • Best marketing is lost (first 3 weeks)
  • Advertising response reduced
  • Seller gets lower offers
  • Buyers eliminate the property based on price
  • Competing properties become more attractive
  • Extends marketing period
  • Lack of Buyers interest
  • Property become overexposed