Dangers of Overpricing 

Many potential buyers won't even look, thinking the house is out of their price. Those buyers who do look are comparison shopping, and an overpriced home may convince them to make a bid on a different property. Since an appraisal is often required in financing a property, it is futile to price a property for more than it's worth. 

Properties left on the market for extended periods of time usually become "shopworn", causing many to believe something's amiss. Overpricing tends to dampen other agents' enthusiasm, making it less likely to be shown.  Overpricing lengthens marketing time, and invariably results in a lower selling price than would otherwise be realized.

Preparing Your Home
Marketing Your Home
Free Home Valuation
Assessing Your Financial Aspects

Antonette Burroughs, Realtor^®  t  510-604-6255  t  Antonette@AntonetteBurroughs.com