April 9, 2025
The #1 Thing Sellers Need To Know About Their Asking Price
When selling your home, the goal is always to sell quickly and at the best price. However, many sellers are still overpricing their homes, not realizing the market has shifted. What worked in the crazed, pandemic-era seller’s market isn’t the norm anymore, and pricing strategies must adjust accordingly. It’s essential to understand that the market is now more balanced, and overpricing could hurt your chances.
The Impact of Seller’s Greed
During the pandemic, “seller’s greed”—a term coined by Jim Slater—was a reality. Sellers could ask for nearly any price and often find buyers. But now, as inventory increases and buyer demand cools, overpricing can lead to homes sitting on the market too long, requiring price cuts, and often resulting in lower offers.
The Consequencs of Overpricing
- Buyers May Skip It: Buyers today are more cautious with their budgets. Overpriced homes may get ignored.
- It Sits Too Long: Homes that linger unsold for too long can develop a stigma, making it even harder to sell.
- Lower Offers: After price cuts, sellers often receive lower offers than if they’d priced it right initially.
How The Slater Way Helps
SRG uses real raw data and local market trends to help you price your home right. They analyze recent sales in your area, assess what buyers are willing to pay, and may even recommend strategically pricing just below market value to attract more buyers and competitive offers.
Why Pricing Right Matters
Homes priced correctly from the start are more likely to sell quickly and for a fair price. The longer a home sits unsold, the more it loses buyer interest, which often results in a price drop or lower offers.
Bottom Line
Overpricing your home can backfire, leading to price cuts and lower offers. Jim Slater and Danielle Weiss are here to help you price your home correctly from the start, ensuring a quicker sale at the best price.
Contact Slater Realty Group today for expert advice and a personalized consultation!
Source
Coldwell Banker Realty
