Top 5 Reasons Why Sellers Tend to Overestimate The Price of their Property

Top 5 Reasons Why Sellers Tend to Overestimate The Price of their Property?

⬆️ Watch the video for more information on why pricing your home right matters! ⬆️

1 Zillow Zestimates typically does not use properties that are direct comparisons to your home. It also pulls from a radius outside of your community, which may have different amenities and values. ?

2 Your personal connection to your home can inflate your opinion of the what you believe the price should be. However, that doesn’t always go along with what the facts and data say the market value of your home is. ?☝

3 Looking at another home listed/sold in your community that isn’t a true comparable home. A home may not be a comparable home simply because it is in the same community. There are many factors (lot size, pool, upgrades, etc) that can influence a home’s true value. ?​

4 Relying on what an inexperienced agent has stated, and not choosing the right comparable homes to determine the market value of yours. ?

5 The just-try-it-and-see-what-happens approach typically leads to less showings, less attendees at an Open House, less views, and much higher holding cost. If you price your home correctly you will end up with the true market value of your home. ??

​

Contact us today for an market evaluation of your home.
[email protected] | 281-785-1456 ?