Overpriced Charlotte Homes for Sale in a Sellers Market

You may have heard we are generally in a seller favored market with very low inventory. We have been for several years.

For many price points that is still true with demand well above the amount of available homes for sale.

Even with seller favored real estate market conditions, it’s actually still possible to overprice your home and end up sitting on the market for quite a while.

There are a few that I pass by all the time and watch as the prices keep being adjusted downward. And yet they’re still active and available.

These homes were priced WAY too high to begin with and in a market where multiple offers and contracts within days are not at all uncommon these overpriced homes sit and remain available.

Right now sellers have the opportunity to sell quickly…..when the home is priced realistically given the recent similar sales, the home’s living space and the condition.

When a home for sale sits on the market these days in many price points there are one of two things out of alignment with reality: price and/or condition.

Seller favored market conditions do not mean you can ask whatever YOU feel like when it comes to price. You must still factor in the most realistic pricing based on recent and similar activity as well as your home’s features.

If you’re planning to sell a Charlotte area home soon, please know there are some great opportunities but you can’t write your own rules when it comes to price, presentation and condition.

For your own good, please hire a real estate broker that will educate you on all of the factors to consider.

Buyers can absolutely tell when a price is out of alignment and they’ll pass on something that’s totally ludicrous. When I’m their buyers agent, I’ll strongly encourage them to pass on it as well! We’ll keep looking 😉

Copyright©2017 by Diane McDermott, All Rights Reserved, “Overpriced Charlotte Homes for Sale in a Sellers Market”

The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in Charlotte NC’s real estate market serving neighborhoods in Charlotte NC

 

*********************************************************************************

Advertisements

About dianemcdermott

Diane is deeply passionate about serving single and divorced women home buyers, first time home buyers and new to the area buyers navigate the Charlotte area home buying process. Having recently navigated separation and divorce she has deep respect for the stress of transition and need for a home living situation that supports and nurtures. She connects and guides clients as they navigate the home buying process, transitioning to a space they'll love calling home. Landis E2 Real Estate LLC
This entry was posted in Real Estate, Sellers. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s