There is a science behind determining the value of a home, but not everyone agrees, once the home value has been determined, how high or low the list price should be set at. Any good realtor will tell you that it's a terrible strategy to overprice a listing, but sometimes a realtor's gut can be misleading. Today we crunch numbers from the past three months of real estate closings to determine what the real impact of overpricing your home really is. Spoiler: the data shows that overpricing your home almost always causes you to lose both time and money - and quite a bit of it.
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at email@example.com.