{"id":1070,"date":"2021-10-22T12:45:06","date_gmt":"2021-10-22T19:45:06","guid":{"rendered":"https:\/\/yourwhiteknight.com\/reno\/?page_id=1070"},"modified":"2021-11-03T13:54:10","modified_gmt":"2021-11-03T20:54:10","slug":"5-top-reasons-why-you-dont-want-to-overprice-your-home","status":"publish","type":"page","link":"https:\/\/yourwhiteknight.com\/reno\/5-top-reasons-why-you-dont-want-to-overprice-your-home\/","title":{"rendered":"5 Top Reasons Why You Don\u2019t Want to Overprice Your Home"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/storage.googleapis.com\/yourwhiteknight.com\/sites\/3\/2021\/10\/money-house-1024x683.jpg\" alt=\"\" class=\"wp-image-1071\" srcset=\"https:\/\/storage.googleapis.com\/yourwhiteknight.com\/sites\/3\/2021\/10\/money-house-1024x683.jpg 1024w, https:\/\/storage.googleapis.com\/yourwhiteknight.com\/sites\/3\/2021\/10\/money-house-300x200.jpg 300w, https:\/\/storage.googleapis.com\/yourwhiteknight.com\/sites\/3\/2021\/10\/money-house-768x512.jpg 768w, https:\/\/storage.googleapis.com\/yourwhiteknight.com\/sites\/3\/2021\/10\/money-house-1536x1024.jpg 1536w, https:\/\/storage.googleapis.com\/yourwhiteknight.com\/sites\/3\/2021\/10\/money-house-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<div style=\"height:24px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-paragraph\">\n<p><strong>As you consider selling your home, White Knight Mobile Homes of Nevada thought you might be interested in understanding the dangers of overpricing:<\/strong><\/p>\n<\/div>\n\n\n<div style=\"height:21px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-paragraph\">\n<p>1<strong>.&nbsp;Discourages possible offers&nbsp;<\/strong>\u2013 An overpriced home discourages prospective buyers from making offers, if the difference between the asking price and the today\u2019s market value is substantial. Many buyers choose not to waste their time on overpriced homes, and prefer to spend their energy looking at homes that appear to be a good value.<\/p>\n<\/div>\n\n<div class=\"wp-block-paragraph\">\n<p>2.&nbsp;<strong>Lost inquiries and showings&nbsp;<\/strong>\u2013 Buyers who learn about the house for sale through signs, flyers or other advertising media will be discouraged with overpriced homes, and will not even inquire about them, nor seek showings. As well, the Buyers agent will concentrate showings based on the stated price-range preferences of the buyers. Just think of your own buying experiences. If you feel you are looking at something that is over priced, you will usually keep looking until you find a better value, and, you will not appreciate or continue to work with a sales agent who keeps recommending overpriced homes to you.<\/p>\n<\/div>\n\n<div class=\"wp-block-paragraph\">\n<p><strong>3.&nbsp;Low appraisal versus sale price<\/strong>&nbsp;\u2013 Homes that are being financed by buyers must be appraised by the lender. If a home appraises below the buyers offered purchase price, the sale can be endangered\u2026 When a home does not appraise, several lenders will penalize the buyer for over paying. It is not unusual for the lender to increase their interest rate, size of the down payment, or deny the loan altogether. This in itself can kill the sale.<\/p>\n<\/div>\n\n<div class=\"wp-block-paragraph\">\n<p><strong>4.&nbsp;Helps sell other homes&nbsp;\u2013<\/strong> by overpricing your home you help sell your neighbors house by showing the buyers what a great value \u201cTHEIR\u201d home is. This does not help your situation.<\/p>\n<\/div>\n\n<div class=\"wp-block-paragraph\">\n<p><strong>5.&nbsp;Lower proceeds for seller<\/strong>&nbsp;\u2013 it is proven that sellers who chase the market (by overpricing) versus sellers who are more aggressive with their pricing from the get go, end up selling their homes for much less, in the long run. As well, an aggressive sales price moves the home more quickly, thus reducing expensive holding costs.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>As you consider selling your home, White Knight Mobile Homes of Nevada thought you might be interested in understanding the dangers of overpricing: 1.&nbsp;Discourages possible offers&nbsp;\u2013 An overpriced home discourages&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1070","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/pages\/1070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/comments?post=1070"}],"version-history":[{"count":0,"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/pages\/1070\/revisions"}],"wp:attachment":[{"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/media?parent=1070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}