We get a lot of questions about Real Estate in Santa Clarita. This week we’re answering your question what are disadvantages of pricing my home on the high end?
A: Several factors can come into play:
- You might help sell similar homes that are priced lower.
- Your home may be on the market longer.
- You could lose market interest and qualified buyers.
- You might create a negative impression of the property.
- You could lose money as a result of making extra mortgage payments while incurring taxes, insurance and unplanned maintenance costs.
- You may have to accept less money.
- A potential buyer may face appraisal and financing problems resulting from the inflated price.
It is not recommended to sell your home any higher than the appraised value unless demand is high in your area. Ask the Mickalson Group which price would be right for your home. Also, make sure you get a Comparative Market Analysis to determine the best sales price for your home, or you can contact us here.
