Why sellers need to be careful about overpricing their homes.

There is one critical mistake all sellers have to avoid: overpricing your home.

It is easy to overprice right now. The demand for houses has slowed, so buyers aren’t competing with each other as much anymore. You can’t just look at the properties that sold when the market was blazing hot because those comps aren’t always relevant to the market we’re in now.

You also can’t rely on online estimates. They can help you get a general idea of what your property might be worth, but they can’t replace a comprehensive market analysis.

How do you price a home in today’s market? First, you have to look at the pending sales from the last 30 to 45 days. Those will show you what's happening in the market in real time. However, if you want to be as accurate as possible, you need an expert to interpret the data so you can make sure you’re factoring in everything.

If you’re thinking about selling your home, please call or email us. We’d love to give you a detailed analysis of what we truly believe your home is worth. There’s no obligation; we’re just happy to help.

 

                                               Questions about selling your house?

                           Contact The Lowry Team today! Call or text 513-586-6900

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