Overpricing: How Aiming Too High Can Cost You

Posted from: http://www.zillow.com/blog/overpricing-can-cost-you-203279/

Pricing a home for sale is more of an art than a science. Each home’s value falls within a range, and the price the buyer and seller agree on determines the exact value of the property.

If priced competitively from the very beginning, a home will sell at the higher end of the value range. The longer it lingers, the lower it lands in that range.

In fact, “homes that linger on the market tend to sell for significantly less than their listing price: five┬ápercent less after t…

Posted from: http://www.zillow.com/blog/overpricing-can-cost-you-203279/

Pricing a home for sale is more of an art than a science. Each home’s value falls within a range, and the price the buyer and seller agree on determines the exact value of the property.

If priced competitively from the very beginning, a home will sell at the higher end of the value range. The longer it lingers, the lower it lands in that range.

In fact, “homes that linger on the market tend to sell for significantly less than their listing price: five┬ápercent less after t…

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