Tell-Tale Signs Your Home is Overpriced

Overpricing a home leads to damaging effects. In fact, the most common reason a home doesn’t sell is due to its price. Furthermore, the probability that you will end up with less money from pricing your home too high in the beginning is astonishing. Here’s a few signs that your home price may need some adjusting.

  1. Priced higher than your neighbors
    Often times, home values in most neighborhoods will be relatively consistent and similar. If your home is priced much higher than neighboring homes, it is probably overpriced. Real estate agents complete a comparative market analysis when determining your home’s value. Avoid this potential overpricing problem and contact us today for your free analysis.
  2. Little to zero showings
    Listing a home stirs excitement in all sellers. Seeing your home advertised all over the internet and social media brings proud and happy feelings. But when weeks pass and there have been a few or even worse, no showings, giddy sellers turn into very concerned and frustrated people.
  3. No offers
    Maybe you have had a few showings and things seem to be going well, but for some reason you just haven’t received an offer. Generally speaking, homeowners should receive at least one offer within the first two weeks on a correctly priced home.
  4. Low internet traffic
    In just the past 10 years, the internet and social media have revolutionized the real estate industry. Majority of homebuyers search online before even talking to an agent. Once they find a home or two that looks good online the homebuyers contact either their agent or the listing agent to schedule a showing. If your home is experiencing little to no internet traffic along with few property inquiries, you may want to consider adjusting the price.
  5. Neighborhood homes are selling
    Although comparable homes in the same neighborhood usually sell for around the same price, don’t get sucked into the, “well my neighbor’s house sold for $200,000 and my house is so much nicer.” Chances are that if neighborhood houses are selling but yours is not, the home is overpriced.

Showing Your Home During the Holidays

The holidays are here and your calendars are packed with parties and activities. Not only are budgets strained but roads are covered in snow. And to top it off you are showing your home this holiday season. Make it easier on yourself and entice perspective buyers with these five tips.

  1. Decorate, but not too much
    Decking the halls for the holidays often makes homes look their best. However, sellers should be wary of going overboard. Oversized adornments often crowd spaces while distracting and turning off potential buyers. You also can avoid offending buyers by opting for general fall or winter decorations and avoiding religious themed items.
  2. Mind the Tree
    Sure, a tall Christmas tree accentuates your two-story living room, but keep in mind the size of the base. A too wide base could potentially overwhelm your floor space and perspective buyers. You can save space and show off your great room with a skinnier tree. When decorating, swapping antique heirloom ornaments for a cohesive theme also goes a long way.
  3. Cozy-fy
    Making your home feel warm and cozy gives house hunters an inviting place to escape from the cold. Start by cranking up the heat, playing soft classical music and setting out homemade holiday treats during showings. Encouraging buyers to spend more time in your time, also gives them more time to admire features they might have missed with a quick walk through.
  4. Price to Sell
    Regardless of the time of year, you always want to price your home to sell. Rather than gradually making price adjustments, we suggest that sellers slash their initial price before putting their home on the market to attract the most offers. After all, a below market price home is sure to make buyers feel merry.
  5. Always declutter
    Going along with tip number one, a few decorations go a long way, but many sellers tend to fill up all of their extra space to hang every last ornament. Cutting back on the decorations and clearing the clutter shows off your extra space to potential buyers. This decluttering also allows potential buyers picture their own decorations in the space. And remember next year, you will be in a new home and bring out all the decorations you went without this year!