Tempted to list your home high? Here’s why that strategy might backfire.
When selling your home, it’s natural to want top dollar—but pricing it too high can actually hurt your chances of getting it sold at all.
Here’s what overpricing can lead to:
1. Fewer Showings
Buyers search within price ranges. If your home is priced above market value, it won’t even show up in their results.
2. It Sits Too Long
The longer your home sits, the more “stale” it appears. Buyers begin to wonder what’s wrong with it.
3. You May Help Sell Someone Else’s House
When buyers compare your overpriced home to a well-priced one, the other house looks like a better deal—and yours helps it sell faster.
4. Lower Final Sales Price
Ironically, homes that start too high often end up selling for less than if they had been priced correctly from the start.
5. Appraisal Issues
Even if a buyer agrees to your price, a lender won’t. If the appraisal comes in low, the deal could fall through.
The Bottom Line:
Pricing your home right from the start attracts serious buyers, increases interest, and gives you the best chance at a smooth, profitable sale.
Need help pricing your home correctly?
At listmyhouseky.com and we’ll connect you with a top local agent who knows the market and can help you sell with confidence.
