The Number One Mistake Sellers Are Making: Overpricing Their House
The Number One Mistake Sellers Are Making: Overpricing Their House
Today I want to talk about one of the biggest mistakes I see sellers making in today’s housing market — overpricing their homes.
We’re no longer in the COVID-era market, and that means conditions have changed. With increased inventory and more competition, pricing your home too high can cause it to sit on the market much longer than expected. And when a home lingers without offers, sellers often have to reduce the price just to reignite buyer interest.
Unfortunately, those price drops can raise red flags for buyers. Many assume something must be wrong with the home — when in reality, the only issue was the price.
Why Pricing Strategy Matters
The best way to avoid this costly mistake is to work with a trusted real estate professional who truly understands the local market. Correct pricing requires an up-to-date understanding of current market conditions, and that’s where experience makes all the difference.
As a full-time agent who’s in the market day in and day out, I see trends unfold before they ever make the news. Most media reports rely on data from three to six months ago, but I’m working with the realities of today’s market — which helps me guide my clients to make the smartest pricing decisions possible.
Price Right, Attract Buyers, and Maximize Your Return
Another danger of overpricing? It can turn buyers away altogether. A home priced too high won’t even make it onto the radar of serious buyers who are searching within realistic price ranges.
By setting a fair and competitive price, you can attract more buyers, create more excitement, and even encourage multiple offers — which is often how sellers end up with top dollar in the end.
The Bottom Line
Overpricing your home can have serious financial consequences. The key is to partner with a professional who brings objectivity, market expertise, and strategic pricing insight to the table.
Let’s work together to avoid these pitfalls and position your home to sell quickly and profitably — not sit on the market. Reach out today!!
Raegan Thorp
🏡 Raegan Thorp Real Estate Group
📞 (404) 734-1174
📧 info@rtrg.homes
🌐 www.RaeganThorp.com
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