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Mailing Address |
P. O. Box 680844
Houston TX 77268 |
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281-827-9638 |
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Mondays - Fridays |
9 am –5 pm central time. |
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Common Home Selling Problems that Slow Down Your Sale
There are lots of reasons why offers might not come in when you're selling a home, but let's get past the top home selling killer–overpricing. It's the first thing you should consider if your house is still sitting on the market while others around it are changing owners.
Price the House for its Market
Some home sellers want to price their homes way above market value, because they think the cushion gives them more negotiating room. But what overpricing actually does is eliminate potential buyers.
A home with a true value of $200,000 has a certain set of features that contribute to its value. A house valued at $160,000 in the same market normally has less to offer than the higher priced home and simply can't compete with it.
Buyers in the $200K range won't be impressed with the home's features and buyers looking for homes nearer its true market value won't even see it because of the too-high price tag.
It doesn't matter what you want for your property, what's important is what your property is worth.
Overpricing is usually easy to correct, but there are plenty of homes that buyers pass on for other–sometimes-simple–reasons.
If you're a home seller, and your house isn't selling, it's time to anaylze the situation and figure out why.
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