First and foremost. I cannot stress how important it is to price your home correctly. Do you remember when you went out looking for homes and your agent showed you homes that were obviously overpriced? You felt that the seller wasted your time. And you probably weren't that happy about it either. It's one thing to not care for a home that's not your style, or just doesn't have what you need, but you don't want your home to be labeled as overpriced. Oh, and BTW,
it's not your fault. Don't EVER blame an overpriced listing on a seller. It's NOT THEIR FAULT.
5 REASONS for an overpriced listing
1. The agent representing that seller didn't conduct a thorough enough market analysis and advised his/her client incorrectly.
2. The agent representing the seller did not have the courage to tell the seller that his price was too high.
3. The agent representing the seller overestimated the price to ensure that he/she got the listing, and figured that once he/she procured the listing, the seller would reduce the price.
4. The agent representing the seller never advised him/her how detrimental it is to a home sale to put excess negotiating room in the price.
5. The agent representing the seller used the "PFA" Pricing method and prayed for the 3P's. Never heard of the PFA Pricing method? It stands for "Pluck From Air", and the three P's? That's Put the listing on the MLS- Put a sign in the front yard, and Pray for a buyer.
That last one may have sounded a bit silly, but I am sure that you have encountered one of those type of listings in your home search if you think about it. If you want to price your home correctly, call me. I'll give you a FREE Comparable Market Analysis, with no obligation. And yes, you can rely on my price, and rest assured it your home won't ever be labeled as overpriced.