The Danger of Overpricing Your Home
There are a couple of kinds of people who help their neighbors sell their home.
The first kind is the neighbor we all want to have.
Their yard is perfectly landscaped, the trash cans are never left out by the curb, the cars are tucked safely into the garage (if they have one) instead of parked on the street, they don’t have dogs that would even think about barking or cats that consider your garden a litter box. They are friendly, courteous and can’t wait to tell anyone they meet what a great neighborhood they live in, including the people who are considering moving to the block.
They are the cheerleaders for the community, make everyone feel welcome and are the best advertisement for a new neighbor you could ever hope for.
The second type of neighbor is just as nice.
Although they are trying to sell their home too, they still love their neighborhood and they are going to miss their friends after they relocate. They also take great care of their lawn and wouldn’t even think about allowing home maintenance to go undone. Beautiful flowers by the front door, a freshly pressure washed sidewalk and driveway and a butterfly garden that would make the greenest of thumbs envious. They are friendly, courteous and…
…their home is way over priced for the neighborhood.
Now, if I was selling my house, I would want both of these types of neighbors. Heck, I’d love to have them anyhow.
But, if I had to choose just one, I would definitely cross my fingers and thank my lucky stars for Mr. and Mrs. Overpriced.
Why, you ask? Because no matter how lovely the landscaping, no matter how shiny the fixtures, how new the appliances, how clean the floors, how uncluttered the closets and cabinets and how nice the people…overpriced is still overpriced – and usually serves to make your neighbor’s homes look like much better deals. Buyers are doing a lot of research before making offers on homes and you can bet that if your price is significantly higher than the others in your neighborhood, you are at a disadvantage.