In today’s housing market, many sellers make the mistake of overpricing their homes, leading to long market times and eventual price cuts to reignite buyer interest. Data shows that price reductions are becoming more common, as homeowners realize their initial mistake.

To avoid this, it’s essential to work with a trusted real estate agent who understands current market conditions and can set the right price from the start. Overpricing based on past market trends, personal profit goals, or leaving room for negotiation can deter buyers and cost you in the long run. A knowledgeable agent can conduct a comparative market analysis (CMA) and guide you toward a fair price that attracts interest and competitive offers.

Bottom Line: Overpricing can hurt your sale, but an experienced real estate agent brings valuable insight to help you avoid costly mistakes. Connect with a local professional to ensure your home is priced correctly from the start.

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