{"id":2778,"date":"2025-04-11T09:23:00","date_gmt":"2025-04-11T13:23:00","guid":{"rendered":"https:\/\/www.beingbobblog.com\/?p=2778"},"modified":"2025-03-28T14:56:23","modified_gmt":"2025-03-28T18:56:23","slug":"signs-a-property-is-priced-too-high","status":"publish","type":"post","link":"https:\/\/beingbobblog.com\/happy-holidays\/signs-a-property-is-priced-too-high\/","title":{"rendered":"Signs a Property Is Priced Too High"},"content":{"rendered":"\n<figure class=\"wp-block-image alignleft\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/content.outboundengine.com\/uploads\/original\/56151\/GJT1himoXdkNzjehPNZoOvfdge_soLr54uGF7hdO9Do.png?w=640&#038;ssl=1\" alt=\"article-content\"\/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>No one wants to pay too much for a house. It can be a frustrating prospect, plus it makes your payments higher and could make appreciation seem less likely.<\/p>\n\n\n\n<p>If home values fall too much, you could end up underwater, which means owing more on your mortgage than your home is worth.<\/p>\n\n\n\n<p>But you shouldn\u2019t be worried about that.&nbsp;<\/p>\n\n\n\n<p>Fortunately, there are ways to spot an overpriced home. To ensure you don\u2019t overpay, we\u2019ll watch for these signs.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Its days on market (DOM) is high.<\/span><\/strong> If a home has been on the market a while, it likely means no one who has toured it has thought it was worth the price. This typically indicates a price point that\u2019s too high or something wrong with the home.<br \/><\/li>\n\n\n\n<li><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">It has a higher price than similar properties.<\/span><\/strong> Unless a home has standout or luxury features, it should be priced similarly to those around it. If its price is notably higher for no obvious reason, consider it overpriced.<br \/><\/li>\n\n\n\n<li><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">It\u2019s gone on and off the market repeate<\/span><\/strong><span class=\"has-inline-color has-vivid-cyan-blue-color\"><strong>dly.<\/strong> <\/span>When a house is put on and taken off the market several times, it often means one of two things: Either they&#8217;re trying to reset the DOM, or it\u2019s gone under contract multiple times, but the buyers have pulled out.<br \/><\/li>\n\n\n\n<li><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Nearby homes are selling much fa<\/span><\/strong><span class=\"has-inline-color has-vivid-cyan-blue-color\"><strong>ster.<\/strong> <\/span>If a home is priced appropriately for its area, size and condition, it should sell at relatively the same price and speed as neighboring properties.<\/li>\n<\/ul>\n\n\n\n<p>It\u2019s true that sometimes a home is priced higher due to luxury amenities or other features. If that\u2019s not the case and a home is just overpriced, there are strategies we can use to make the deal work in your favor.<\/p>\n\n\n\n<p>Ready to start your home search? <a href=\"http:\/\/HowardHanna.com\/camillus\" data-type=\"link\" data-id=\"http:\/\/HowardHanna.com\/camillus\">Get in touch today.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No one wants to pay too much for a house.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12,976,13,6],"tags":[],"class_list":["post-2778","post","type-post","status-publish","format-standard","hentry","category-events","category-life","category-listings","category-real-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","chromenews-featured":"","chromenews-large":"","chromenews-medium":""},"author_info":{"display_name":"Being BOB","author_link":"https:\/\/beingbobblog.com\/happy-holidays\/author\/admin\/"},"category_info":"<a href=\"https:\/\/beingbobblog.com\/happy-holidays\/category\/stuff\/events\/\" rel=\"category tag\">Events<\/a> <a href=\"https:\/\/beingbobblog.com\/happy-holidays\/category\/life\/\" rel=\"category tag\">Life<\/a> <a href=\"https:\/\/beingbobblog.com\/happy-holidays\/category\/real-estate\/listings\/\" rel=\"category tag\">Listings<\/a> <a href=\"https:\/\/beingbobblog.com\/happy-holidays\/category\/real-estate\/\" rel=\"category tag\">Real Estate<\/a>","tag_info":"Real Estate","comment_count":"0","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p822aG-IO","_links":{"self":[{"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/posts\/2778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/comments?post=2778"}],"version-history":[{"count":0,"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/posts\/2778\/revisions"}],"wp:attachment":[{"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/media?parent=2778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/categories?post=2778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/tags?post=2778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}