If your house’s price isn’t compelling, it’s not selling — it’s as simple as that. Setting your asking price too high might seem like a smart strategy to leave room for negotiation or boost profits, but it often backfires. According to Realtor.com, nearly 20% of sellers end up reducing their price to attract buyers, and starting too high can lead to costly delays. Overpricing discourages buyers, especially in today’s market, where high mortgage rates and home prices are already stretching budgets. Buyers may skip over an overpriced home entirely, assuming it’s out of reach rather than worth negotiating for. Additionally, a house that lingers on the market raises red flags, making potential buyers skeptical about the property’s condition or the seller’s motivations. Even price reductions may not fix the damage, as lingering doubts could deter buyers further. To avoid these pitfalls, work with a local real estate agent who understands your market and can recommend a competitive price based on real-time data. The right agent will help you attract buyers, maximize your return, and sell your home quickly. Remember, a well-priced home grabs attention, drives interest, and gets sold — so partner with an expert to get it right.
