Everyone wants as much as they can get for their property. The higher the price, the better! The problem is, just because you have a figure in mind, doesn’t mean it’s achievable. In fact, that high figure could ruin your chances of a sale.
Here’s 3 reasons why you shouldn’t overprice your property:
Will it value up? If your buyer needs a mortgage, the bank sends out a Valuer. If they report a lower figure than the agreed sales price, the mortgage will be denied.
The market could change. Property markets can and do fluctuate. The longer your property remains for sale, you could be competing in a different market. Prices go up, but they do come down too.
You’re losing money. You’re still paying taxes, utility bills, mortgage repayments, etc. while waiting for a sale. It could end up costing you more than pricing it sensibly from the beginning.
Selling your property? Take action! Call me today for award winning, expert guidance on 966 718 392. We have buyers waiting!