Quote:
Originally Posted by Lzen
Well then thing about the realtor is that she is my good friend's step mom. We have known her for many years. But we have never used her services until now. She does co-own the real estate agency from what I understand. She has been doing it for a long time. In the process of getting our new home I have seen a lot of good from her using her experience in this field. So, I do have some trust in her. But I just don't know that her asking price rec. was in the right place.
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Every homeowner thinks their house is worth more than it is. Market and comps nearly always dictate sale price, and is also what any buyer-rep realtor will use to advise their clients, as well. So, even if you price it higher, the comps will almost certainly drive the price back down.
Also, having a house sit on the market will further devalue it, and overpricing it initially could potentially hurt you.
Just things to keep in mind.