In the real estate business it’s called a “White Elephant:” An excellent house for sale which just sits and sits. Often you can recognize it by the tall grass and weeds overrunning in the front yard, an occasional broken window here and there… The cause of this blight is almost always the same – overpricing.
This story usually has a sad ending – for the seller. Eventually, the seller agrees to a price reduction and thinks the house will now sell fast. By this time it is too late. The good prospects will not come back or will have waived goodbye and bought elsewhere. Your property appears ”stale.” Buyers will wonder why this home hasn’t sold. They will wonder if something is wrong with the property besides the fact that it is overpriced. The appearance and condition sometimes have deteriorated. The eventual selling price is far below what it could have realized had it been valued realistically from the outset.
You don’t have to increase the “White Elephant” population in this country! There is a safe way to establish the Right price. When you are ready to sell, contact us. We’ll know the true value and what it will bring in this market. Top price, yes! Overprice – NO!
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