The Result of Over Pricing

Many sellers believe that if they price their home high initially they can lower it later.
Often, when a home is priced too high it experiences little activity. Gradually, the price will come down to market value but by that time its been for sale too tong and some buyers will be wary and reject the property.
On occasion, the price is dropped below market value because the seller runs out of time. The property sells for less than it's worth.

Missing the Right Buyer

You may think that interested buyers "can always make an offer"' but if the home is over-priced, potential buyers looking in a lower price range will never see it.
Those who can afford a home at your asking price will soon recognize that they can get better value elsewhere.

The importance of Early Activity

As soon as a home comes on the market' there is a flurry of activity surrounding it. This is the crucial time when Agents and potential buyers sit up and take notice.
If the home is overpriced, it doesn't take long for interested parties to lose interest. By the time the price drops, a majority of buyers are lost.