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Pitfalls of overpricing

Pitfalls of overpricing

  1. Buyers are reluctant to offer
  2. Continuous price reductions
  3. House finally sells below market value
  4. Discourages potential buyers from viewing
  5. Best marketing time is lost (first 3 weeks)
  6. Advertising response reduced
  7. Seller gets lower offers
  8. Buyers eliminate the property based on price
  9. Competing properties become more attractive
  10. Extends marketing period
  11. Lack of Buyers interest
  12. Property becomes over-exposed