Don’t Get Too Attached To A Number And Other Things A Realtor Says You Should Know When Selling Your Home - Page 3
- By
Julia Austin
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What happens if you over-price it?
“Anything over 5 percent above the market recommendation is too much,” Head informs us. Overpricing a property can be very taxing because you’ll likely need to wait longer to sell it. That means clearing out for open houses, weekend after weekend. It can put a financial strain on you if you’ve already started paying rent or a mortgage elsewhere. It can be very draining and may result in you, in the end, having to drop the price anyways. “It’s not about what the house is appraised for,” Head adds. “The market value is what people are willing to pay for it.”
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