Attracting the Right Prospect

Reduces sales associated activity

Other agents dealing with buyers won’t show your property if they feel it is priced to high.

Reduces advertising responses

Potential buyers will be looking for certain types of homes in similar price range

Lose interested buyers

They will feel they should be getting more for the price.

Competitive bidding limited

With fewer buyers interested in your property competitive bidding between buyers can be limited.

Attract the wrong prospects

They will be comparing your property with properties which are really in the higher price range.

Eliminate Offers

Buyers make offers based on what properties are available to them. If your property is over priced buyers will be discouraged to even make an offer.

Cause appraisal problems

Appraisals are based on what like properties have previously sold for. Over pricing defeats the purpose of analysing the market place for your properties estimated value.