One of the worst mistakes a seller can make is to overprice their property. We don't see this everyday in the Vancouver real estate market but often enough where I wanted to share some ideas on how to price your property correctly.

I know that sometimes as seller it's difficult to look at your home objectively or with a critical eye. After all you've probably owned and lived in the property for several years, it's treated you well and you've created some fond memories there.

Mount Pleasant, Vancouver BC

Understanding Your Local Market

A key message in the video is that starting to learn about your local market as soon as you're thinking about selling will prove to be highly valuable. Just think back to when you bought your property, I'd bet that you saw several properties before deciding on one. You also likely had a good idea of what a property was worth after seeing a few or more. The thing with sellers is they don't often go to open houses in their neighbourhood to see what the competition is like. A buyer typically has more hands on market knowledge than a seller. Your realtor will have the most knowledge of all and it's wonderful to trust them but seeing things for yourself can also be helpful.

Why Overpricing Can Hurt Your Listing

Overpricing a property can hurt you because it eats away time, buyers don't feel like you're a serious seller so will move onto the next property, you could miss out on your next property if you had your eye something and keeping your home "show" ready can be tiresome. Most importantly it can add more stress to an already stressful endeavour.

A Conversation is the Best Place to Start

Most people find it helpful to have a conversation/ planning session prior to preparing to go on the market. If this sounds like something you're interested just reach out! For ease here's a link to my calendar: Glenn's Calendar

Or you can always reach me by cell: 604.782.7545

Posted by Glenn and Brittany Real Estate on

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