The first 14 days on the market you will get the most showings on your home. After 30 days on the market the home becomes stale and buyers begin to think, “What is wrong with the home?” When you overprice you will not get the traffic through the home initially, allowing the home to sit on the market. Even if the home is only $10,000 overpriced it will drastically reduce the number of buyers coming through the door.
After the house has sat on the market, that is when you are going to get low ball offers. Ultimately, you will end up accepting less than if you would, had you priced it right from the beginning.
If you want to net top dollar for your home, consult The Swain Team. We guarantee we can net you top dollar for your home.
If you have a real estate topic that you would like to more about, please contact The Swain Team – we are happy to help!