10 Signs Your Kansas City Home is Overpriced
If you’re selling your home in Kansas City, you need to understand that pricing your home correctly from the beginning is absolutely critical. The most common reason a home doesn’t sell is because it is overpriced. It doesn’t matter if other homes in your neighborhood are listed, not sold at the same price. Here’s a guide to 10 signs your home in Kansas City is overpriced
10 Signs Your Kansas City Home is Overpriced
- Generally, most homes in a neighborhood are priced pretty much alike. They were all built around the same time and close to the same size. There will be some differences when a home gets upgraded, or there’s an addition. While it’s not impossible for two comparable homes to have a $50,000 value difference, it is quite rare. By completing a comparative market analysis, you can see what houses have sold for in the past six months.
- You have had no or very few showings. If your home has been listed for sale for a few weeks and you’ve had only a couple showings, you need to adjust the price in the hopes to generate some activity and excitement
- If two or three weeks have expired and you haven’t received an offer, your house is overpriced.
- If you interview three real estate agents and one of the real estate agents suggests a price that is $30,000 higher than the others, you need to know how they came up with that number.
- Neighbors’ homes are selling, and yours is not. There are so many things that can influence the sale of a home. One of the 10 Signs Your Kansas City home is overpriced is it is not selling
More 10 Signs Your Kansas City Home is Overpriced
- Open houses are duds. If you believe that open houses are necessary to sell your home, and not one person walks through the door during the two-hour open house, then your price could be an issue.
- Look at Internet Traffic. If there has been little to no internet traffic or property inquiries
- Feedback. One of the most significant benefits of hiring a top real estate agent is they know the importance of receiving feedback on their listings. If you’re not receiving feedback from showings, it may be time to think about firing your real estate agent. Or feedback could be saying the décor is not compatible with buyers, or the house is overpriced. It’s time to make adjustments.
- You receive low-ball offers. Most overpriced homes will not receive any offers. However, you may receive low-ball offers. Most buyers don’t like to make low offers. They feel it is embarrassing for both parties. If you do receive low-ball offers, your house is overpriced.
- An expired listing. Possibly the most obvious way to know a home is priced wrong occurs when it doesn’t sell, and the listing expires.
If you are thinking of selling and want to avoid 10 Signs your Kansas City home is overpriced and don’t want to risk setting the price incorrectly, call us. We will calculate an estimate based on our visit. There are no fees and no commissions, and best of all, we will close in less than 40 days, maybe even sooner.
Ask for FREE information about How to Sell Your House Fast.
Terra Firma Property Solutions, LLC, is a professional, full-service real estate solutions firm.
We buy and sell properties throughout the greater Kansas City area. We specialize in buying distressed homes, then renovating and reselling them to home buyers and landlords. Terra Firma Property Solutions: excited to be part of the economic rejuvenation of Kansas City and its surrounding areas.
Call us today at (816) 866.0566
