{"id":8300,"date":"2024-04-02T10:30:00","date_gmt":"2024-04-02T10:30:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/"},"modified":"2024-04-02T10:30:00","modified_gmt":"2024-04-02T10:30:00","slug":"why-overpricing-your-house-can-cost-you","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/","title":{"rendered":"Why Overpricing Your House Can Cost You"},"content":{"rendered":"
\"Why<\/p>\n

If you\u2019re trying to sell your house<\/a>, you may be looking at this spring season as the sweet spot<\/a> \u2013 and you\u2019re not wrong. We\u2019re still in a seller\u2019s market<\/a> because there are so few homes for sale<\/a> right now.\u00a0And historically, this is the time of year<\/a> when more buyers move, and competition ticks up. That makes this an exciting time to put up that for sale sign.<\/p>\n

But while conditions are great for sellers like you, you\u2019ll still want to be strategic when it comes time to set your asking price. That\u2019s because pricing your house too high may actually cost you in the long run.<\/p>\n

The Downside of Overpricing Your House<\/strong><\/h4>\n

The asking price for your house sends a message to potential buyers. From the moment they see your listing, the price and the photos are what\u2019s going to make the biggest first impression. And, if it\u2019s priced too high, you may turn people away. As an article from U.S. News Real Estate<\/em> says<\/a>:<\/p>\n

\u201c<\/em>Even in a hot market where there are more buyers than houses available for sale, buyers aren’t going to pay attention to a home with an inflated asking price<\/em><\/strong>.\u201d<\/em><\/p><\/blockquote>\n

That\u2019s because no homebuyer wants to pay more than they have to, especially not today. Many are already feeling the pinch on their budget due to ongoing home price appreciation<\/a> and today\u2019s mortgage rates<\/a>. And if they think your house is overpriced, they may write it off without even stepping foot in the front door, or simply won\u2019t make an offer if they think it\u2019s priced too high.<\/p>\n

If that happens, it\u2019s going to take longer to sell. And ideally you don\u2019t want to have to think about doing a price drop to try to re-ignite interest in your house. Why? Some buyers will see the price cut as a red flag and wonder why the price was reduced, or they\u2019ll think something is wrong with the house the longer it sits. As an article from Forbes<\/em> explains<\/a>:<\/p>\n

\u201cIt\u2019s not only the price of an overpriced home that turns buyers off. There\u2019s also another negative component that kicks in. . . . if your listing just sits there and accumulates days on the market, it will not be a good look. . . . <\/em>buyers won\u2019t necessarily ask anyone what\u2019s wrong with the home. They\u2019ll just assume that something is indeed wrong, and will skip over the property and view more recent listings.\u201d<\/em><\/strong><\/p><\/blockquote>\n

Your Agent\u2019s Role in Setting the Right Price<\/strong><\/h4>\n

Instead, pricing it at or just below current market value from the start is a much better strategy<\/a>. So how do you find that ideal asking price? You lean on the pros. Only an agent has the expertise needed to research and figure out the current market value for your home.<\/p>\n

They\u2019ll factor in the condition of your house, any upgrades you\u2019ve made, and what other houses like yours are selling for in your area. And they\u2019ll use all of that information to find that target number. The right price will bring in more buyers and make it more likely you\u2019ll see multiple offers too. Plus, when homes are priced right, they still tend to sell quickly<\/a>.<\/p>\n

Bottom Line<\/h3>\n

Even though you want to bring in top dollar when you sell, setting the asking price too high may deter buyers and slow down the sales process.<\/p>\n

Connect with a local real estate agent to find the right price for your house, so we can maximize your profit and still draw in eager buyers willing to make competitive offers.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re trying to sell your house, you may be looking at this spring season as the sweet spot \u2013 and you\u2019re not wrong. We\u2019re still in a seller\u2019s market because there are so few homes for sale right now.\u00a0And historically, this is the time of year when more buyers move, and competition ticks up. […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[100,884],"tags":[],"yoast_head":"\nWhy Overpricing Your House Can Cost You - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Overpricing Your House Can Cost You - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"If you\u2019re trying to sell your house, you may be looking at this spring season as the sweet spot \u2013 and you\u2019re not wrong. We\u2019re still in a seller\u2019s market because there are so few homes for sale right now.\u00a0And historically, this is the time of year when more buyers move, and competition ticks up. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/\" \/>\n<meta property=\"og:site_name\" content=\"The Zakaria Group\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/thezakariagroup\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-02T10:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240327\/20240402-Why-Overpricing-Your-House-Can-Cost-You.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/\"},\"author\":{\"name\":\"\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d\"},\"headline\":\"Why Overpricing Your House Can Cost You\",\"datePublished\":\"2024-04-02T10:30:00+00:00\",\"dateModified\":\"2024-04-02T10:30:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/\"},\"wordCount\":624,\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240327\/20240402-Why-Overpricing-Your-House-Can-Cost-You.png\",\"articleSection\":[\"For Sellers\",\"Selling Myths\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/\",\"url\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/\",\"name\":\"Why Overpricing Your House Can Cost You - The Zakaria Group\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240327\/20240402-Why-Overpricing-Your-House-Can-Cost-You.png\",\"datePublished\":\"2024-04-02T10:30:00+00:00\",\"dateModified\":\"2024-04-02T10:30:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#primaryimage\",\"url\":\"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240327\/20240402-Why-Overpricing-Your-House-Can-Cost-You.png\",\"contentUrl\":\"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240327\/20240402-Why-Overpricing-Your-House-Can-Cost-You.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thezakariagroup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Overpricing Your House Can Cost You\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thezakariagroup.com\/#website\",\"url\":\"https:\/\/thezakariagroup.com\/\",\"name\":\"The Zakaria Group\",\"description\":\"The Zakaria Group\",\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"alternateName\":\"TZG, MLS\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thezakariagroup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thezakariagroup.com\/#organization\",\"name\":\"The Zakaria Group\",\"alternateName\":\"TZG\",\"url\":\"https:\/\/thezakariagroup.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png\",\"contentUrl\":\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png\",\"width\":400,\"height\":173,\"caption\":\"The Zakaria Group\"},\"image\":{\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/thezakariagroup\/\",\"https:\/\/www.youtube.com\/channel\/UCX6VeVxc5BNyr8TY1piPyXw\",\"https:\/\/www.instagram.com\/thezakariagroup\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d\",\"name\":\"\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\"},\"url\":\"https:\/\/thezakariagroup.com\/author\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why Overpricing Your House Can Cost You - The Zakaria Group","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/","og_locale":"en_US","og_type":"article","og_title":"Why Overpricing Your House Can Cost You - The Zakaria Group","og_description":"If you\u2019re trying to sell your house, you may be looking at this spring season as the sweet spot \u2013 and you\u2019re not wrong. We\u2019re still in a seller\u2019s market because there are so few homes for sale right now.\u00a0And historically, this is the time of year when more buyers move, and competition ticks up. […]","og_url":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/","og_site_name":"The Zakaria Group","article_publisher":"https:\/\/www.facebook.com\/thezakariagroup\/","article_published_time":"2024-04-02T10:30:00+00:00","og_image":[{"url":"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240327\/20240402-Why-Overpricing-Your-House-Can-Cost-You.png"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#article","isPartOf":{"@id":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/"},"author":{"name":"","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d"},"headline":"Why Overpricing Your House Can Cost You","datePublished":"2024-04-02T10:30:00+00:00","dateModified":"2024-04-02T10:30:00+00:00","mainEntityOfPage":{"@id":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/"},"wordCount":624,"publisher":{"@id":"https:\/\/thezakariagroup.com\/#organization"},"image":{"@id":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#primaryimage"},"thumbnailUrl":"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240327\/20240402-Why-Overpricing-Your-House-Can-Cost-You.png","articleSection":["For Sellers","Selling Myths"],"inLanguage":"en"},{"@type":"WebPage","@id":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/","url":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/","name":"Why Overpricing Your House Can Cost You - The Zakaria Group","isPartOf":{"@id":"https:\/\/thezakariagroup.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#primaryimage"},"image":{"@id":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#primaryimage"},"thumbnailUrl":"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240327\/20240402-Why-Overpricing-Your-House-Can-Cost-You.png","datePublished":"2024-04-02T10:30:00+00:00","dateModified":"2024-04-02T10:30:00+00:00","breadcrumb":{"@id":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/"]}]},{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#primaryimage","url":"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240327\/20240402-Why-Overpricing-Your-House-Can-Cost-You.png","contentUrl":"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240327\/20240402-Why-Overpricing-Your-House-Can-Cost-You.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thezakariagroup.com\/why-overpricing-your-house-can-cost-you\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thezakariagroup.com\/"},{"@type":"ListItem","position":2,"name":"Why Overpricing Your House Can Cost You"}]},{"@type":"WebSite","@id":"https:\/\/thezakariagroup.com\/#website","url":"https:\/\/thezakariagroup.com\/","name":"The Zakaria Group","description":"The Zakaria Group","publisher":{"@id":"https:\/\/thezakariagroup.com\/#organization"},"alternateName":"TZG, MLS","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thezakariagroup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en"},{"@type":"Organization","@id":"https:\/\/thezakariagroup.com\/#organization","name":"The Zakaria Group","alternateName":"TZG","url":"https:\/\/thezakariagroup.com\/","logo":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/","url":"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png","contentUrl":"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png","width":400,"height":173,"caption":"The Zakaria Group"},"image":{"@id":"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/thezakariagroup\/","https:\/\/www.youtube.com\/channel\/UCX6VeVxc5BNyr8TY1piPyXw","https:\/\/www.instagram.com\/thezakariagroup\/"]},{"@type":"Person","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d","name":"","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g"},"url":"https:\/\/thezakariagroup.com\/author\/"}]}},"_links":{"self":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts\/8300"}],"collection":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/users\/101010"}],"replies":[{"embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/comments?post=8300"}],"version-history":[{"count":0,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts\/8300\/revisions"}],"wp:attachment":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/media?parent=8300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/categories?post=8300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/tags?post=8300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}