5 Ways for Sellers to Know Their Home is Overpriced in Darien Illinois

Darien Illinois Real Estate Agent Sell Homes

Shanon Tully CSC

The top reason that a Darien IL house sells is because of the price.  Determining the price is one of the most critical steps in selling your house. If the price is set well, you should be able to sell your house in a quick amount of time if the market is good. If you overprice your Darien Il house,  it will take months to sell, or it won’t sell at all. In the end, you may even receive less money for it than if you had priced it correctly in the first place. Make sure you hire a professional real estate agent to make these decisions. If you’re in or around Chicago, look for Darien, IL real estate agent Shanon Tully, CSC.

Minimal Showings

Local Darien IL brokers won’t schedule showings for homes that are overpriced. Right after the listing for your house goes live, you should expect at least a few showings. Darien IL Real estate agents will suggest that a month from the time your house was listed if there aren’t any showings, it’s not too late to lower the price. Make sure you do this quickly, however, so that you keep interest from potential buyers. As a seller, it’s natural to be excited when your house goes up for sale. If you price it too high, that excitement will quickly fade giving way to discouragement. If this is the case, the price is probably too high.

Your Neighbors House Was Much Lower

No doubt there are many differences between your house and your neighbors. Neighborhoods in Darien, IL, for example, will tend to have similar looking homes. If you try to sell your house for more than $100k than that of other houses in your neighborhood, it’s too high. It is possible to have a home that is that much higher than the other homes in the area, but it isn’t that common. Your real estate agent can introduce you to a comparative market analysis (CMA) to find out how much other houses in the neighborhood have sold for. This is another reason to make sure that you get a qualified Realtor. In Chicagoland, use Darien, IL real estate agent Shanon Tully. She is professional and cares about your individual needs.

Little to No Offers

If the house you are selling is high-end or on a waterfront, it may stay on the market for a long time. This can be common. However, if it is mainstream, you should get some offers within the first couple of months. If the market is a Darien, Il seller’s market, even a few days should bring in some offers. When you do get an offer, you may be inclined to think that your price is too low. Many think that if a buyer is eager, its because of a low price. This isn’t generally true, however. Real estate agents will tell you that competitive bids mean a reasonably priced home most likely.


The Buyers Real Estate Agent Said So

There’s no doubt that the Darien, Il buyer’s real estate agent is looking out for the best interest of their client. However, a wise realtor for the seller will consider the feedback given by the buyer’s agent. This doesn’t mean that the seller’s real estate agent should wait for this feedback, but if it comes it may help the seller understand that their house has been overpriced. This is one of the benefits of having a real estate agent. They will be able to interact with the buyer’s agent and work towards your interests. In Darien, IL Shanon Tully, CSC provides this service as a professional, yet caring real estate agent.

Open Houses Reveal

You’ll need to discuss with your real estate agent whether or not you want to do open houses. Less than 2% of homes actually sell because of having an open house. It is nice for potential buyers to view the house without the pressure that some Darien, Il Realtors might give them. If you so choose to do an open house, and you find that no one comes, your price is probably too high. Potential buyers will visit a home if they are interested, but not if the price is too high.

To sum up, think through these reasons that indicate your house is priced too high and discuss them with your Realtor. Check in with Darien, IL real estate agent Shanon Tully for advice and services for all your home selling needs.

Contact Shanon Tully, CSC Today!

Shanon Tully, CSC

Cell: 630.698.3288
Office: 630.435.3500
Email: [email protected]