Should You List Your Home for a High Price?

March 17, 2016

Foyer in luxury home with second floor window

If you plan on putting your property on the market, it can be tempting to list it for a very high price in the hope that some buyer will say “yes”. But that rarely happens.

In fact, it is more likely that your property will sit on the market for a long time with no takers, and home buyers and their agents will quickly lose interest in even seeing it.  While you may not think it, over pricing your home by just 15, 10, or even $5,000 can make all the difference in the world between selling quickly and having zero interest from buyers. 

The fastest way to sell your property for the highest price possible is by listing it as close to its fair market value as possible. That’s the price similar homes in your area have sold for recently.

The good news is that the fair market value of your home may be higher than you think. So if you’re considering making a move within the next few months, ask a good agent to drop by and do an informal appraisal. That will give you a clearer idea of what your property will sell for in today’s market.