Setting a High Sales Price: Daring or danger?
Some good discussion on the risks of settings your price too high.
NATURALLY, EVERYONE WANTS TO GET THE BEST PRICE POSSIBLE FOR THE SALE OF THEIR HOME.
But if you start out with a high sales price, then have to drop it later — your house becomes “old news”. It will be difficult to recapture that new-to-market frenzy of initial interest you might have had with a more realistic price. As a result, your house could take longer to sell. Much longer.
The best way to establish your selling price is to get an assessment made in advance and then, with this information, take advantage of your agent’s experience to establish the right price. In the long run this almost always works better than trying to force a high price.
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