Signs That Your Home Is Priced Too High

Selling a home is a complicated undertaking that requires careful thought at every stage of the process. In many ways, setting the price of a property sets the tone for the rest of the experience. Sellers are sometimes disappointed to discover that an attractive property struggles to find market traction. If a property is priced too high, buyers will be reluctant to make an offer. There are a few signs that can indicate that your house is priced too high.

Showings Have Been Slow or Nonexistent

One of the biggest indicators that a home is priced too high is that no prospective buyers have attended a home showing. Buyers are unlikely to request a showing or attend an open house if a home is simply outside of their pre-determined budget.

Online Interest Is Slow

If you are not sure how to fairly price your home, you might not realize that online interest can be a good indicator of buyer response. Online listings can demonstrate just how attractive a property’s price is, so keep track of these page views and shares.

Neighborhood Prices Are Lower

There are many factors that can affect the price of a home. These can include:

• Additions, renovations, and other improvements
• Custom work and specialty features
• New plumbing fixtures and lighting solutions
• Integrated smart home technology
• Pools, Jacuzzis, and water features
• Quality landscaping design and outdoor recreation amenities

While many features distinctive to a property might increase a price, in general a home will be similarly priced to its neighbors unless the real estate parcel is considerably larger. A home listed at a markedly higher amount than its neighbors will look overpriced.

Experienced Agents Can Help Get Sales

The Levine Homes Real Estate team has helped facilitate the successful sale of exceptional properties throughout the Palos Verdes Peninsula. We are experts in the successful sale of luxury homes and vacation properties.