Wednesday, January 29, 2025 / by Paige Royall
The Biggest Mistake to Avoid When Selling Your Home in Clemmons, NC
If you’re planning to sell your home in Clemmons, NC, there’s one major mistake you’ll want to avoid: overpricing your house. While it may seem like setting a high price gives you room to negotiate or increases your potential profit, the reality is that it often backfires.
According to Realtor.com, nearly 20% of sellers (that’s one in five) have to reduce their price to get their home sold. You don’t want to be one of them. Let’s dive into why overpricing is a costly mistake and how to set the right price from the start.
Overpricing Pushes Buyers Away
With mortgage rates and home prices where they are today, buyers are already stretching their budgets. When they see a house priced too high, they don’t think, “I can negotiate.” Instead, they move on to the next listing—potentially skipping over your home entirely.
As the National Association of Realtors (NAR) points out:
“Some sellers are pricing their homes higher than ever just because they can, but this may drive away serious buyers.”
Fewer showings mean fewer chances to receive an offer. The longer your house sits, the harder it becomes to sell.
Homes That Sit on the Market Too Long Raise Red Flags
An overpriced home tends to linger on the market. And the longer it stays listed, the more buyers start to wonder: Is there something wrong with this house? Even if the only issue is the price, that extra time creates doubt and skepticism.
As U.S. News explains:
“Setting an unrealistically high price with the idea that you can come down later doesn’t work in real estate . . . A home that’s overpriced in the beginning tends to stay on the market longer, even after the price is cut, because buyers think there must be something wrong with it.”
If you end up lowering your price, buyers may see it as a red flag, assuming the home has hidden issues. That’s why pricing your home correctly from the start is key.
How to Price Your Home Right in Clemmons, NC
So, what’s the secret to avoiding all these pitfalls? Work with a local real estate expert who understands the Clemmons market inside and out. You need an agent who:
? Uses real-time market data to determine the right price ? Knows what buyers in Clemmons, NC, are searching for ? Understands how to attract serious buyers while maximizing your return ? Helps you price your home competitively so it sells quickly
The right agent won’t just tell you what you want to hear—they’ll guide you to the best pricing strategy so you can sell for top dollar without unnecessary delays.
Bottom Line
If the price isn’t compelling, it’s not selling. Instead of aiming too high and scaring off buyers, work with a trusted real estate agent in Clemmons, NC, who knows how to price your home right from the beginning. Ready to sell? Let’s connect today and get your home sold for the best possible price!
Johnny Royall
336-408-0455
johnny.homesforsaleinthetriad.com