Dangers of Overpricing
An asking price that is beyond market range can adversely affect
  • The marketing of a property.
  • Fewer buyers are attracted, and fewer offers received.
  • Marketing time is prolonged, and initial marketing momentum is lost.
  • The property attracts “lookers” and helps competing houses look better by comparison.
  • If a property does sell above true market value, it may not appraise, and the buyers may not be able to secure a loan.
  • The property may eventually sell below market value.







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© 2017 Jill Hann - Royal LePage Atlantic Brokerage - Halifax