5 Signs a Home is Overpriced (And How to Spot It Before It’s Too Late)
If you’ve spent more than five minutes in the real estate world, you’ve probably seen it: A nice-looking house hits the market... sits there... price gets slashed... then slashed again... and eventually sells for less than it probably would have if it had just been priced right in the first place . It happens all the time here in Montgomery County , The Woodlands , Conroe , and everywhere in between. Overpricing a home can cost sellers time, money, and leverage —and trust me, none of those are things you want to lose. So how do you spot an overpriced home before the market does it for you? Here are five big red flags you should watch out for: 1. Long Days on Market (DOM) If a property’s been sitting for 30, 60, 90 days or more , that’s usually a sign buyers have taken a hard pass at the asking price. Pro tip: In a healthy market, homes priced right should go under contract fairly quickly—especially if they're clean and in good locations. If it’s been on the market since y...