When setting a price, why not ask for the moon? Make no mistake, we want you to get the best possible price for your property. However, when a home is priced too high for the market:
- It attracts lookers, not legitimate buyers.
- It implies that you aren’t motivated to sell.
- It reduces the number of showings.
- It helps the competition.
- If it doesn’t appraise at the higher price, a buyer may not be able to secure a loan.
- You may ultimately have to drop your price below market value in order to sell.
