The term comes right out of our helpful book, Pricing Your Home for Maximum Value. A pinball listing is a home that is overpriced. An overpriced home in a seller's market will experience a pinball effect, where buyers will bounce off to another house as soon as they realize the property is overpriced. Pinball listings tend to sit on the market for an extended period of time because they scare buyers away.
When you overprice your home, you are effectively making other homes in your neighborhood look more attractive. Those homes are priced better and will certainly sell quicker. If you're looking to sell, but aren't highly motivated to do so, it's not the end of the world to have a pinball listing - if you're lucky, you may find a buyer accept your high price. On the other hand, if you're serious about getting the maximum value of your house in a short period of time, you need to price your home right.
If you're interested in learning about the steps you can take to get the most out of your home sale, I would love to send you a free book. Pricing Your Home for Maximum Value will help you start getting your home ready for a successful sale. Give us a call or shoot us an email if you would like a
copy. We would be happy to share some of our time-tested tips with you!
