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Real Estate Tips
Pricing >Overpriced

In the real estate world, a large group of people are looking to buy homes at any given time. These are the seller's best prospects. This ready group of buyers is wasted, however, if your house is overpriced.

People who have been shopping around and are accustomed to comparing properties will probably refuse to look at your home with an unrealistic price tag. You and your real estate agent may know that you would sell for $10,000 less, but the buyers do not know this. As a result, your overpriced property receives little attention.

Don't be fooled into thinking that your house is worth more than someone is willing to pay for it, or that it's just a matter of waiting for the "right" buyer to show up. Surveys show that the longer a house is on the market before being sold, the greater the drop in price from the listing price when it does sell. The buying public eventually sets an accurate price. An overpriced house just sits on the market, waiting for a price adjustment before it will attract a buyer.

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Real Estate Trivia
Q 
What does the abbreviation PITI stand for?

A 
Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment.
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Karen Richards Group, REALTOR®, real estate agent and broker for Frisco, Plano and North Dallas, Texas home listings, property and land for sale - NUMBER1EXPERT™

Karen Richards Group
RE/MAX Premier Properties

5501 Independence Ste105
Plano,TX 75023
Voice Mail: 972-739-5288
V Fax: 972-739-5288
Direct: 214-403-0207
General Requests: karenrichards@NUMBER1EXPERT.com
Remax e-mail: KRichards@remax.net

My Personal Mission as your professional real estate advisor, is to focus on your satisfaction. My business is all about service and I am not happy until you are happy. My years in the business have provided me the experience to assist you with nearly every real estate need. Whether it's finding you a home, finding the best loan, or helping you to get the most out of selling your home, I am here to guide you. If there is anything you need, please let me know. International R.E. Specialist- Certified Luxury Home Marketing Specialist (CLHMS)- Real Estate Cyberspace Specialist (RECS)-GREEN, National Association of Realtors- Certified Residential Specialist (CRS)- Graduate Realtor Institute (GRI- Accredited Buyer’s Representative (ABR)-Accredited Staging Professional (ASP)- Certified New Home Specialist (CNHS)- Residential Construction Certified (RCC)- Member Children’s Miracle Network- Platinum Club RE/MAX National

Karen Richards Group is a top equestrian real estate agent in the Mckinney, Texas Horse Farms for Sale guide on NewHorse.com AmericasBest.com Visit StagedHomes.com ActiveRain Real Estate Homes In Other Cities
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