Posted 10.25.12 @ 8:25
There are many things that can drive away Oakville buyers, but an overpriced home is at the top of the list! While when most homes just don’t sell, most of us are going to think that there’s a structural defect (or maybe a haunted closet). It’s important to know when a home you’re trying to sell or buy is overpriced, and here we’ll go over a few different ways that you can figure this out.
When a Home Doesn’t Sell
When a home just doesn’t sell, you’ll want to consider the location of the Oakville luxury real estate and even the condition it’s in. You’ll also want to think about how you’re Oakville luxury realtor went about marketing Oakville homes for sale. This is why it’s so important to make sure you’re working with a professional; when you choose the Goodale Miller team to sell your house things get done right from the start. We’ll make sure your home gets sold within the average DOM (days on market). Why leave something to chance when you can get it done right?
Why Not Offer Anyway?
When you see the price on a menu, you’re likely not going to haggle with the restaurateur about how much you’re willing to pay. The same thing could be said for Oakville homes for sale. If a home is priced too high, a buyer won’t be able to make an offer. They know the house is too expensive, and they can’t make an offer too low; that would be insulting to the seller and the buyer looks cheap. When it comes to Oakville luxury real estate, people aren’t going to want to deal with embarrassment.
The buyer might also think that the seller knows that their Oakville homes for sale are overpriced; they’re just pricing it that high because they don’t really want to part with the house. This is a common misconception – most sellers just don’t know how much their homes are worth and they may have even been given some bad advice from their Oakville real estate agent.
When you work with us, we’ll help you determine the best price for your home. You shouldn’t have to hope that you can move it off the market before too much time expires. That’s why you want to work with someone that’s not just a specialist in real estate, but a specialist in Oakville real estate!
Someone Else Must Have Made an Offer by Now
When it comes to Oakville homes for sale, buyers are going to assume that someone else must have made an offer below the asking price and the seller must have just refused it. Sometimes other offers have happened, sometimes none have happened. It never hurts to entertain an offer lower than the asking price for Oakville luxury real estate, and buyers can always submit a lower bid. If a home has been on the market for more than a few months, it might be the right thing to do.