Just remember that if you have a fixed-rate mortgage, your monthly payment won't go down if you pay extra on the principal. Instead, you're building up equity faster, paying off your debt faster, and potentially saving a lot of money. Remember buyers are shopping by comparison. Overpricing tends to dampen the attitudes of salespersons, making them less likely to show your home. Overpricing lengthens marketing time and invariably results in a lower selling price than would have otherwise been obtained.
Many factors enter into the market price of a home.
The amount of listing and selling experience your Realtor has in your neighborhood will be important in helping you judge the market. Evaluate the Realtor's dedication to advanced study and certification, overall knowledge of real estate and successful years in the business. Statistics are available and your Realtor should offer them to you. Supply and demand, seasonal aspects, the mortgage market, economic conditions, political actions and location, location, location also pay important parts in the final pricing decision. Have your plumbing, heating, cooling and roof inspected before you and your agent determine listing price.