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222. The Dangers of Overpricing: Why It Always Backfires
Manage episode 436679910 series 3421327
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In this episode of Be The Solution, Maria Quattrone discusses why overpricing your home is never a good idea. Drawing on her extensive experience in real estate, Maria explains the common pitfalls of pricing too high and how it can result in fewer showings, longer days on the market, and ultimately, less money in your pocket.
Key Takeaways:
- Overpricing Consequences: Learn how overpricing leads to fewer showings and forces price reductions, which signals to buyers that the seller is negotiable.
- Market Realities: Understand how the market quickly rejects overpriced homes, making it harder to attract serious buyers.
- Strategic Pricing: Discover why pricing at or just below market value often leads to multiple offers, putting the seller in control.
Quotes:
- "When the market speaks and there are no showings, it’s telling you the price is too high."
- "Every time a home is overpriced, the seller ends up with less money than if they had priced it right from the start."
Connect with Maria Quattrone:
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Website: MQrealesate.com
Office number: 215- 607-3535
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