Dangers of Overpricing your North Atlanta Real Estate

  • Many potential buyers won’t even look, thinking it’s out of their price range
  • Those buyers who do look are shopping by comparison, and looking at an overpriced home may convince them to make a bid on a different property
  • Since an appraisal is often required in financing a property, it’s futile to price a property for more than it’s worth
  • Properties lift on the market for extended periods of time usually become “shopworn”, causing many to believe something’s amiss
  • Overpricing tends to dampen the other salesperson’s attitude, making it less likely to be shown
  • Overpricing lengthens marketing time, and invariably results in a lower selling price than would have been otherwise obtained