<%@ taglib uri="/tags/struts-tiles" prefix="tiles" %> The Danger of Overpricing

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 to 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 look better. 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. As the graphic below indicates, the best offers often come when a property is newly listed - if priced too high, it's difficult to create the momentum necessary to sell your home at the highest price in the least amount of time.