Realtor underpriced my house you won't believe how

Why Realtors Might Underprice a Home

There are several reasons a realtor might underprice a property. Some realtors believe that setting a lower asking price can attract more potential buyers, creating a competitive atmosphere that results in higher final offers. Others might lack the experience or local market knowledge to accurately assess a property's value. In some cases, realtors might prioritize a quick sale over maximizing the seller's profit, especially if they have multiple listings to manage.

It's important to evaluate your realtor's strategy and ensure they are using comprehensive market analysis tools to set the right price. Online platforms and local market reports can provide valuable insights into the average home prices in your area, helping you verify your realtor's pricing strategy.