Overpricing may seem like a way to leave room for negotiation, but it often backfires. Here's why:

• Fewer Showings – Buyers search by price range. If your home is priced too high, it may not even appear in their searches.
• Longer Time on Market – The longer a home sits unsold, the more buyers wonder what's wrong with it.
• Price Drops Signal Desperation – Repeated price reductions can make your listing look stale.
• Appraisal Issues – If it sells above market value, the appraisal may come in low, causing financing issues.

Price it right from the start, and you’ll attract serious buyers and maximize your sale potential.