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Real Estate Tips
Pricing >Overpriced

In the real estate world, a large group of people are looking to buy homes at any given time. These are the seller's best prospects. This ready group of buyers is wasted, however, if your house is overpriced.

People who have been shopping around and are accustomed to comparing properties will probably refuse to look at your home with an unrealistic price tag. You and your real estate agent may know that you would sell for $10,000 less, but the buyers do not know this. As a result, your overpriced property receives little attention.

Don't be fooled into thinking that your house is worth more than someone is willing to pay for it, or that it's just a matter of waiting for the "right" buyer to show up. Surveys show that the longer a house is on the market before being sold, the greater the drop in price from the listing price when it does sell. The buying public eventually sets an accurate price. An overpriced house just sits on the market, waiting for a price adjustment before it will attract a buyer.

See All Tips In The "Pricing" Category >
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Real Estate Trivia
Q 
What is the average price for a home in the United States?

A 
According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000.
See More Real Estate Trivia >


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The Hardas Team, REALTOR®, real estate agent and broker for Highland, Edwardsville, Troy and Greenville, Illinois home listings, property and land for sale - NUMBER1EXPERT

The Hardas Team
Coldwell Banker Brown Realtors

2621 Plaza Drive
Highland, IL 62249
Phil Hardas: 618-789-5863
Jason Hardas: 618-670-8009
Lori Novosel: 618-301-0103
Fax : 618-654-4360
Email: CustomerCare@TheHardasTeam.com

The Hardas Team is a uniquely developed team set-up to give incredible customer service. The Hardas Team is focused not only in being your Realtor but being your one stop place for all your real estate needs. We strive for lifelong customers each and every time.

ABR CRS Equal Housing GRI MLS REALTOR ePro


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