Colorado Springs Real Estate

The Dangers of Over Pricing

An asking price that is beyond market range can adversely affect the marketing of a property.

·        Few buyers are attracted, and fewer offers received

·        Marketing time is prolonged, and initial marketing momentum is lost

·        The property attracts “lookers” and helps competing houses look better by comparison

·        If a property does sell above true market value, it may not appraise, and the buyers may not be able to secure a loan

·        The property may eventually sell below market value