Top 5 Dangers of Overpricing Your Candlewood Lake Waterfront Home
As a seller, you want to get the most from the sale of your Candlewood Lake or Lake Lillinonah properties. However, the motivation to get the most money possible for your sale could lead to a host of problems.
Here are some of the reasons why overpricing your home is a bad idea.
It discourages possible buyers from making offers
If your home is overpriced, it will discourage prospective buyers from making offers. This is especially true if the difference between the asking price and the market value is significant. Buyers looking for Candlewood Lake real estate will not waste their time on overpriced homes. Instead, they will spend their time and energy on homes that appear to give them better value for their money.
You end up helping other homes sell
If you make the mistake of overpricing your home, you’ll end up helping sell your neighbour’s house. The buyer’s agent will concentrate on showings based on the buyer’s preferred price range. When you overprice your home, prospective buyers will see what a great value the other Candlewood Lake homes are and your home will end up languishing on the market.
Your home will sit on the market longer
Overpriced homes tend to sit on the market longer. The longer your property languishes on the market, the more likely it is to become stigmatized as a home with problems or a stale listing. Prospective buyers will begin to think that something is wrong with the house that is why no one is eager to put in an offer.
You will experience tougher negotiations
Most buyers look at many homes before finding one that’s perfect for them. If a buyer views your home despite the fact that it is overpriced, you may experience problems when it comes to negotiations because your home has been on the market for a longer period of time. As much as possible, buyers don’t want to get involved in a lengthy negotiation with a seller who they might deem as unreasonable.
If you want to sell your home quickly, you need to make sure that your home is priced correctly right from the start. Don’t leave this crucial step to chance. Hire an experienced real estate agent to help you come up with the best selling price for your home. You’ll be glad you did once your homes sells faster and at or very near the price you expected.
Check out https://www.CandlewoodLakeHomesforSale.com today for more home selling tips and suggestions.
If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.
About Deborah Laemmerhirt
Let me assist you in finding everything you need to know about buying or selling a home! As the preeminent real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground.
Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.
I go the extra mile to help you achieve your goals. That’s why I constantly research the home, market and estate values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative marketing techniques to attract potential buyers.
As an Internet-savvy real estate representative in Connecticut, I’ve had the opportunity to help many home buyers find their ideal homes and many sellers obtain top dollar for their homes. Buying or selling a home is one of the largest financial transactions that most people ever undertake, so I will help you through every step of the process. My goal is to make your home selling or buying experience as easy and enjoyable as possible.
My services include:
Explaining the home selling and buying process thoroughly
Diligently selecting homes that meets your criteria
Pricing your home correctly and implementing a unique yet proven marketing plan
Negotiating on your behalf
Tracking the closing process to ensure a smooth transaction
I welcome the opportunity to address any questions you might have about buying, selling or current market conditions. Please call or e-mail me any time, and I will be happy to discuss your next steps in the buying or selling process.
I specialize in both Residential and Commercial Properties.
I also head a Real Estate Group to provide you with expert service and support.
Areas of Expertise
Making transitions in your life is challenging. You may be moving from out of town, a different state, internationally or just next door! Regardless of the distance I am prepared to respond to your unique needs.If you are a BUYER looking to downsize, up-size, want a new construction, desire a condominium, to invest, even if this is your first home, I will design a unique plan to fulfill your needs in a reasonable time frame, with the best negotiated price and the least amount of inconvenience.For my Home Sellers, I have an innovative marketing plan that will leave nothing to chance. Just call, and I would be happy to share the DIFFERENT and SUCCESSFUL TOOLS I utilize on each of my listings.
I have lived in Connecticut for over 35 years. I practice Real Estate in Fairfield County, New Haven County and Litchfield County. This includes, but is not limited to Bethel, Bridgewater, Brookfield, Danbury, Harwinton, Kent, Litchfield, New Fairfield, New Milford, Newtown, Oxford, Ridgefield, Redding, Roxbury, Sherman, Southbury, Warren, Washington, Westport and Wilton.
