Jeff Leatherwood

Broker/Realtor®

I've had the great pleasure of working with Century 21 Beal for almost 9 years now. I take a great deal of pride in helping people find both a home and investment in their future. Please feel free to contact me WHENEVER you have any question comments or concerns. www.BuyAggieland.com

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Call: 979-255-2788

 

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Jeff Leatherwood

Broker/Realtor®

Read my blog below

Real Cost of Overpriced Listings

March 8th, 2009 Categories: 1

Most home sellers don’t realize the actual cost of pricing their home too high. Of course, they absolutely love their home and believe that it should return a monetary value equivalent to it. This is not always the case. If you are looking to sell your home, take this information into consideration:

Pricing your home too high will most likely result in it being on the market for several months, without it being sold. And every time you reduce the price, it will still more than likely be above market price, resulting in it still not being purchased.   

“We’ll just start high, we can always come down” Right???  WRONG!  As a Real estate broker in College Station I do not even show homes that are priced out of line with the market!!!

Having your home on the market for a long period of time really adds up. Not counting the money you haven’t collected from the home sale, additional interest, taxes, and insurance payments will really pile up and you wont end up receiving as much as you thought from the transaction.

In a declining market your house could be worth more today than it will tomorrow, more this month than next month. That being said, wouldn’t you want to get the most for your home?

The Negative Stigma: You don’t want to be the house on the street that has been on the market forever. Something must be wrong with it, right?

So, is it really worth overpricing your home? If you want (or need) to sell it, absolutely not!!!

For a free no obligation home price anaysis please call Jeffrey Leatherwood at 979-255-2788 or visit www.buyaggieland.com Leatherwood@Ceantury21.com

This entry was posted on Sunday, March 8th, 2009 at 10:26 am and is filed under 1. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. Jane Goody said at April 24th, 2009 at 4:24 am

    The style of writing is quite familiar . Have you written guest posts for other bloggers?

  2. Jeff Leatherwood said at April 24th, 2009 at 12:37 pm

    No… This post was actually done by my Assistant Megan… It was her response to the headache of negotiation price drops! :) Thanks!

  3. John S. said at June 23rd, 2009 at 9:38 am

    I’ve been looking around for articles similar to this but never found one that actually was valuable such as this. Glad I found this place!

  4. Jeff Leatherwood said at June 23rd, 2009 at 10:21 am

    Thanks John… Love the feedback!

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