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Pitfalls of Overpricing

Pitfalls of Overpricing

1. Buyers are reluctant to offer

2. Continuous price reductions

3. House finally sells below market value

4. Discourages potential buyers from viewing

5. Best marketing time is lost (first 3 weeks)

6. Advertising response reduced

7. Seller gets lower offers

8. Buyers eliminate the property based on price

9. Competing properties become more attractive

10. Extends marketing period

11. Lack of Buyers interest

12. Property becomes over-exposed