Deb Wilson Clarksville TN Realtor

With all the news we hear about the market being a Buyer's Market,  sellers have a tendancy to want to price their home high, because they know the buyer is going to make a lower offer.  That way, they will have room to negotiate.  While this reasoning my be a strategy employed by some markets, it is not true, or even recommended for most areas.  Below are eight good reasons to NOT price your home high and wait for the buyer to bring you an offer.

 8 Drawbacks to Overpricing Your Home

1.  Overpricing reduces activity....Agents will not show your property if they feel it is priced too high.

2.  Overpricing lowers the response to advertising.  Buyers will not be as excited about your ad as others they percieve as a better value.

3.  Overpricing causes a loss of interested buyers.  Your home will seem inferior in amenities to others in the same price range that are priced correctly.

4.  Overpricing attracts the wrong prospects.  Serious buyers will feel they should be getting more for their money when comparing your home to others that are priced correctly.

5.Overpricing helps the competition.  Your high priced home makes the others seem like a good deal.

6.  Overpricing eliminates offers.  Buyers may think that offer what they feel as fair for your home will be an insult to you, the seller, many buyers will move on to another home that is priced correctly.

7.  Overpricing causes appraisal problems.  Even if you were to get a full priced offer, the appraiser bases their value on what comparable homes have sold for.

8.  Overpricing may lower your overall net proceeds.  If your home is overpriced, it will eventually end up selling for less than if you had it priced correctly in the first place, not to mention the additional interest you are paying while waiting for the offer.

 Remember..... The value of your property is determined by what a ready, williand and able buyer is willing to pay for it, which will be based on other recent closed sales.  Buyers determine the value, not the Realtor or appraiser,  we just interpret what the market is saying to the seller.

This information is offered by: 

 Deb Wilson, Realtor

Crye-Leike Realtors

2204 D Madison St

Clarksville TN  37043 USA

931-648-2112

931-206-8551

If you are looking to purchase a new home, we have a deal for you. 

Fantastic new ranch style home for sale in lovely Creekview Village in Clarksville TN.

This home has over 2000 sq ft and features a formal dining room with hardwood floors, a greatroom with a wonderful fireplace and plenty of wall space.  For those of you with oversized furnature, this home is it.  9 ft ceilings thruout the house make this idea for schrunks.  The kitchen has stainless appliances, a countertop bar and a huge pantry,  Did I mention a large eat in area too?  The laundry room has a large linen closet as well as a folding station or computer area.  The bonus room is oversized and has a closet.  The master bedroom features tray ceilings and a large master bath. In the master bath, you will find a jetted tub and 2, yes I said 2 walk in closets.  You have to check this home out.  All this and priced at only $189,500. 

 The builder is offering a $1,000 gas card to the buyer of this home with a FPO and successful closing.  Call me for more details.  931-206-8551

Sensational Rnach on a large corner lot

• 1,569 sq. ft., 2 bath, 3 bdrm ranch "Ranch with large bonus room over garage" - MLS® $139,500 - Just Listed

Hazelwood, Clarksville  -  Sensational Ranch Style home with mature trees on a level corner lot. This home features a large bonus room over the garage with access to floored storage. The split bedroom plan includes 3 bedrooms and 2 full baths. A nice sized eat in kitchen and a greatroom with a fireplace and vaulted ceilings add to the charm of this better than new 2006 home. The shed and appliances remain. Oh and did I mention the riding lawn mower comes with it? Immaculate Condition. You owe it to your self to see this home before you make a purchasing decision, Fabulous!!!!!!!!!!!!!

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Fabulous Find

• 3,170 sq. ft., 2 bath, 4 bdrm 2 story - MLS® $323,000 - Just Listed

Shady Bluff, Clarksville  -  Classic colonial hide-a-way in the city. This fabulous find offers over sized bedrooms and lots of space. This home features 4 bedrooms, 2.5 baths and 2 seperate family entertainment areas as well as formal living and diningroom. Secluded wooded lot.

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• 1,421 sq. ft., 2 bdrm single story - MLS® $140,000

Dickson County, Tennessee  -  COMPLETELY remodeled in 2004, to include elec, plumbing, septic, & waterheater. Jetted tub with double vanities and flat screen in bath, laminate floors, huge patio and upgraded lighting. 2 rooms upstairs not included in SQ FT. THIS IS A MUST SEE!!!

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