Listing your home for sale means entering into competition with other sellers. The moment your home hits the market, you are in competition. I'm often surprised at how many home sellers don't consider that.
Every other home for sale in your community is competing with your own. They compete with your property in terms of condition, cleanliness, and price.
Not only will overpricing your home fail to get you results. It also drives buyers to consider competing properties other than your own.
Real estate professionals often refer to this as "bounce". Overpricing can drive (2 comments)