So, understandably, if you have several pricing suggestions backed up by solid research it's hard to turn down the biggest number. It's a judgment call, one that differs for each market and each home. There are no absolute guidelines to point the way. Highest is not always best, but neither is the lowest suggested price nor a price in the middle. Suppose you placed your home on the market at the highest recommended price.
Owners continue to pay taxes, mortgage bills, and other costs.
A home that becomes stale on the market results in potential buyers questioning why it hasn't sold, according to Royal LaPage Signature Realty , a Toronto real estate firm. Not only will an overpriced home take longer to sell, it is also likely to sell for less than its actual value. This is due to the negative effect often associated with properties that have been on the market for a longer than average time. By pricing your home close to market value you ensure that the difference between your asking price and the price an informed purchaser will be willing to pay is less, resulting in the greater likelihood of competing offers. First, it may be that the broker was not optimistic, merely on target.