Consequences of overpricing your home
If you overprice your house everyone will know and potential buyers will be reduced
Overpriced houses are readily apparent to the real estate community and to most buyers who have conducted a thorough analysis of the neighbourhood.
As a result, buyers will by-pass new listings which are considered overpriced.
Real Estate Sales Representatives will also alert their clientele if they believe a property is overpriced.
As a result, the number of qualified serious buyers who will put an offer on your home will be significantly reduced during the early stages as the market waits for the invetiable price reduction of the property.<< Macro and micro factors affecting the price | Market value trends in West Toronto >>