You want to the best deal for your property, however, overpricing your house can oftentimes have a very negative affect.
Potential buyers often respond to a new listing within a couple of weeks so you want to take advantage of the early momentum and avoid having the price reduced to the point that is more in line with the actual and true market value – which would have been the better starting point.
Put it to you this way: You can price to SELL or to SIT.
While there may be a number of factors that contribute to the time a house spends on the market, the initial pricing structure is one of the most influential factors in determining how quickly it will move off the market. Homes that linger too long can leave a bad impression on a potential seller and rack up additional holding costs for the seller.
What’s Your Home Worth?