Type: Town: Range: - Bed:

Dangers of Overpricing

  • Fewer buyers are attracted, and fewer offers are received.
  • Marketing is prolonged, and initial marketing momentum is lost.
  • The property attracts "lookers" and helps competing houses look better by comparison.
  • If a property does sell above true market value, it may not appraise, and the buyers may not be able to secure a loan.
  • The property may eventually sell below market value.

 

Summary: As your asking price decreases, the number of buyers who will view your property increases. If you are trying to sell your property in a tough real estate market (high inventory, low demand), consider pricing it at 10% to 15% below comparable properties. It is better to price your house competitively initially rather than gradually reducing the price later because a property receives more attention when it first lists on the market.

Featured Neighborhoods

Lewes Beach (East of Canal)
Breakwater House Captains Quarters Cape Shores Debraak Preserve Lewes Beach Lewes Harbor Ocean House Pilot Point Port Lewes Queenanne Pier Safe Harbor View All
Historic District
Canal Square Mariners Way Shipcarpenter Square Historical District Information View All
Downtown Neighborhoods Bordering Historic District
Bayview Addition Burtons Subdivision Devries Circle View All
Pilottown Road Area
Pilottown Park Pilottown Village Reserve at Pilottown View All
Neighborhoods bordering Downtown Lewes
Bay Breeze Estates Beach Plum Place Covey Creek Drake Knoll Henlopen Gardens View All
Gills Neck Road Area Neighborhoods
Breakwater Hawkseye Wolfe Pointe Wolfe Runne View All
Five Points Area Neighborhoods
Nassau Station Villages of Five Points - Dwntwn Villages of Five Points-East Villages of Five Points - North Villages of Five Points-West View All
Bay Crossing Community
Bay Crossing View All
Lewes West of Route One
Angola Beach Angola by the Sea Henlopen Landing Heritage Village Holly OakOak Crest Farm Oakwood Village Plantations Plantations East Reserves of NassauRetreat at Love Creek Rolling Meadows Sandy Brae Summerlyn Sussex East MHP Sussex West MHP Villages at Herring Creek Villas at Bay CrossingWhispering Pine MHPView All

View All Featured Neighborhoods

What our customers think...

Carrie Gentile was EXCELLENT and Lee Ann's whole team was top notch.

- B. Schell

 
more testimonials

Featured Community

reserve-at-pilottown