What could happen if you decide to out price your home for your area.
*You might help sell similar homes that are priced lower
*Your home may stay on the market longer and lose the interest of qualified buyers
*You might create a negative impression of the property
*You could lose money as a result of making extra mortgage payments while incurring taxes, insurance, and unplanned maintenance costs
*You may have to accept less money because the buyers now know you have been waiting for an offer for a long time and they will think you are very negotiable.
*A potential buyer may face appraisal and financing problems as a result of the inflated price.
The following has nothing to do with the current market price:
We can always come down on price
We have to get that much our of our home
My neighbor was able to get his price
Getting pricing advice from family and friends especially outside of your market area
These thoughts will only put your home on the back burner for qualified buyers because your price is unreasonable in their minds.