When your property is not priced correctly a chain reaction begins…

• Potential buyers… will not only be viewing your property but the competition’s as well.  If your home is not competitively priced, they will not make an offer.

• The responsibility of the buyers agent… is to inform their clients (potential buyers of your property) of their professional opinion of the price of any home their clients are interested in purchasing.  If your home is over priced, the potential buyer will know this!

• Overpricing your home… will cause your home to sit on the market.  Your property will become ‘stale’, the amount of showings you will have will decline and no amount of marketing will generate interest at this point.

• You will need to drop your price… usually several times.  The serious buyers that originally saw your home are long gone …and happily into their new home.

• The longer your property is for sale… the more likely buyers and their agents will loose confidence with your home and therefor be less inclined to give you your price for it.

• When offers arrive they will be very low… bargain hunters actively watch the market for property that has not sold in a timely manner.  You will eventually end up getting much less than you should have for your property.

Additional “Carrie’s Corner” Articles…

Additional “AGENT 101” Articles…

Additional “Edmonton Realtor: KENNEDY Real Estate” Articles…
Carrie Wood
Business Development & REALTOR®
Edmonton’s Buyer Agent 

KENNEDY Real Estate
Your Edmonton Realtor® | Edmonton Home Stager

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