QUESTION OF THE DAY:
What are disadvantages of pricing my home slightly above market value?
Well, several factors may come into play:
*Your home may be on the market longer than the average listing
*You could lose qualified buyers and market interest
*A potential buyer may face appraisal and financing problems resulting from the inflated price
*You might create a negative impression of the property
*You could lose money as a result of making extra mortgage payments while incurring taxes, insurance and unplanned maintenance costs
*You may have to accept less money
Always remember, an effective marketing plan prices a home at or below market value and calls for a price reduction every 4 weeks.
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Tawana Bourne, Your Enthusiastic REALTOR 💖 💖
Berkshire Hathaway HomeServices
RealtorTawanaBourne@gmail.com I 860-834-1220
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