Avoid this mistake by studying the market before you list your house

The biggest mistake sellers make is to overprice their home. Simply put, overpriced homes don’t sell.

If you’ve had you house on the market for 90 days or more and haven’t had any offers, there’s a good chance you my be overpriced. If you haven’t had so much as anyone come to look at the house, it likely is overpriced. Buyers will not waste their time to view a home that they perceive is overpriced before even looking at it.

Unfortunately, many sellers who try it on their own end up going to a real estate agent and they don’t have to. If their house doesn’t sell, they think it’s them. It could just be the price. Before rushing out and picking a real estate agent, doing comparative market analysis to see where market prices for similar homes to yours are. If you see a sizeable difference in price between your house and other that have sold in the last six months, then you’ve probably got your overpriced.

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