Still Overpriced!

By
Real Estate Agent with Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803

 

Are you still noticing that homes on the market are still being overpriced?  We know that many sellers feel that their home is worth more than their competition. Afterall, it's human nature, but unfortunately buyers don't want to pay more and they will know it is over-priced.

A seller may think...why not start with a higher price because a buyer can make a lower offer? This is wrong. They won't make the lower offer because they may not see the house if it's not in their price range. Competition is fierce and they will just move onto the next house down the road that is fairly priced.

An overpriced listing may not have an advantage for the Seller, the Buyer, or the Listing Agent.
  • The seller's house is going to be on the market longer.  
  • The buyer may be missing out on a truly nice house.
  • The listing agent may get a negative effect by the sign being out too long and it may show that they aren't able to sell the house!

It's true there are a fair share of agents who will take a listing at any price.

However, if you are serious about selling your house, price it right. If you are not serious about selling...then don’t bother putting your house on the market. It's just that easy!

Larry and Sheila are Realtors with Charles Rutenberg Realty and can help you choose a home on Long Island to buy or can help you sell your present residence. We can be reached at 631-805-4400.

 

If your home or condo is listed with another broker, this is not a solicitation of the property.
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Lawrence "Larry" and Sheila are more than just Real Estate Agents. To attain the designation of REALTORS®, Lawrence & Sheila have proven they are more knowledgeable and experienced, above and beyond the average requirements. Being a part of the network referred to as REALTORS®, you can be sure Lawrence & Sheila will cater to your Real Estate needs with superior professional practices.

 

Are you ready to trust this professional Husband And Wife Team who are committed to you the Client? Call Lawrence "Larry" and Sheila at 631-805-4400 (c) and start your real estate investment on Long Island with two REALTORS® you can trust.

 

 All content, including text, photographs and images, remains the exclusive property of Suffolk Experts. Only with written permission of Lawrence & Sheila may anything be used by others. All information is believed to be accurate but is not guaranteed. Suffolk Experts and Lawrence & Sheila make no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, delays in information, any losses, injuries, or damages arising from its display or use.

 

 

  

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Re-Bloggged 7 times:

Re-Blogged By Re-Blogged At
  1. Linda Banks McConnell 04/01/2012 01:59 PM
  2. Thomas Cappadona 04/02/2012 07:20 AM
  3. John Kavaller 04/02/2012 08:33 AM
  4. Pam Smits 04/02/2012 09:02 AM
  5. John E. Baldovin 04/02/2012 11:33 AM
  6. Hannah Williams 04/02/2012 01:27 PM
  7. Sheila Rasak 04/03/2012 10:42 AM
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Comments 116 New Comment

Rainer
39,820
Sheila Rasak
Keller Williams Realty-California Coast Property Group

This is a must re-blog as so many Sellers believe that "List it and they will come" and they may look, but the Buyer's are much too smart to dance that dance. Thank you for a very well-written blog!

April 03, 2012 10:21 AM
Rainmaker
770,483
Paula McDonald
RE/MAX The Woodlands, TX 936-203-0279
Chevaux Group, PLLC

It would help if we could take the "emotional pricing" out of the equation.  Some homeowners truly believe their house is worth more than it actually is.  They want to be paid for their emotional investment, their "blood, sweat & tears".  The trick is explaining to the seller why you think the price is too high without hurting their feelings.

April 03, 2012 02:15 PM
Ambassador
1,380,714
Michael Thornton
Home Inspector - Nashville, TN area - 615.661.0297
Complete Home Inspections, Inc.

Good evening, Larry & Sheila. Congrats on the feature. I am finding that properties that are priced right move. Period! Those that aren't sit like a toad on a log...

April 03, 2012 05:48 PM
Rainmaker
159,497
Karen Steed
Associate Broker Haralson Realty licensed in GA and AL
Tallapoosa, Bremen, Waco, Buchanan, Temple, Carrollton

Glad to hear you tell it like it is.  When I try to explain the concept to sellers, they seem to have a difficult time understanding why a buyer won't pay their price.

April 14, 2012 09:31 AM
Rainmaker
870,319
Adrian Willanger
Profit from my two decades of experience
206 909-7536 TheHomeFunnel.com

Hi Larry and Sheila-I have a second showing on a home that, I and my clients feel, is overpriced, just looking for some AR strategies on how to proceed with an offer. 

April 04, 2014 09:07 AM
Rainmaker
1,372,844

Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)

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Welcome to our world of Real Estate! We are Long Island's Premiere Realtor's representing all of Long Island New York, including Residential Homes, 55 and Over Communities, Condo/Townhouse, Luxury Long Island Properties and Corporate Relocation Specialists! Interested in selling your Long Island Home or Condo? Contact Larry and Sheila to get a professional estimate at 631-805-4400.