What is the risk of overpricing your home when you put it on the market?

  1. DonnaCosmato profile image97
    DonnaCosmatoposted 6 years ago

    What is the risk of overpricing your home when you put it on the market?

  2. duffsmom profile image59
    duffsmomposted 6 years ago

    If it is outside of the parameters of pricing for that area, people might not even look at it.  People often set a firm budget when house shopping and if it is outside of their budget, they are wise to not even look.

    Also if you find a buyer at that higher price, you run the risk of the appraisal not being high enough for the mortgage to be approved.  Mortgage are getting harder to come buy and they won't loan on a house priced too high.

 
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