The dangers of overpricing your home when selling are high. If buyers think a home is overpriced they will avoid looking at it and look at competitive listings that they think are a great deal. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we also have seen that buyers will be discouraged to make an offer on a home if there is a big difference between the list price and the market value of the home. Overpriced homes will actually help sell other homes if they are similar, on the same street and on the market for sale when one is overpriced and the other is listed at market value. The market value home will appear to be the best value between the two homes and will likely result in the buyer buying the home with the best value. Check out below to see what sold in Autumn Park in August 2016:
47346 Sunnybrook Lane, Novi: 4 bedrooms, 4.1 bathrooms, 4,172 sq. feet, 3 car garage, Sold Price: $590,000
Autumn Park Home Sold
August 2016
In summary, buyers are looking for great value when buying a home. As a seller, you want your home to stand out from other competitive listings and sell quickly. For more information on Autumn Park, or similar Northville or Novi neighborhoods such as Pheasant Hills, Northville Hills Golf Club and Woodlands of Northville, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.