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Are You Over Pricing or Under Pricing Your Home? What You Need to Know | The Las Vegas Luxury Home Pro

When the time comes to sell your home, it’s important to price the home right. If the home is badly priced, either too expensive or too inexpensive, you may lose money and take a long time to sell. Understanding the dangers of incorrect pricing, and working with a real estate professional to price your home correctly, can help you have a successful home-selling experience.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Dangers of Over Pricing
Buyers tend to look for homes within a certain price range. They avoid going too far above or below their price range, because budget is important to them. When buyers look at homes in a price range, they compare properties and decide which home to purchase based on a number of factors, including amenities, condition of the property, and so on.

A home that is over-priced will have fewer amenities and perks compared to other homes in the price range. When buyers come to see that house, they’re likely to think about how other homes in that price range compare, then they’ll move on.

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Are You Over Pricing or Under Pricing Your Home? What You Need to Know.

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