08/27/2021
If you want offers that live up to your expectations, consider strategically pricing your home below market value, not above it. Overpricing is the biggest mistake sellers make when selling their home.
If you’re priced at the high end of value, your home is going to be sitting and accruing market time and, especially in a market that’s still moving, you’re going to automatically lose value in your house. Going a bit low, on the other hand, can draw attention to your home as soon as it hits the market and encourage buyers to make competitive offers so they don’t miss out on a hot deal. Strategy is key here as pricing your home low only has the potential to start a bidding war if it is executed correctly in the appropriate market conditions.