Quote:
Originally Posted by Shag
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.
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Understood. And good advice. Of the 3 houses that she used, only one seems to be a pretty close match, IMO. And that one sold for the price we are going to ask. So, I think we will be okay.
After having looked at homes for the past couple of years or so on Zillow, Realtor, Trulia, etc. I've seen enough to realize that having a home on there too long is a red flag to buyers. I'm guessing that is why many of them take it off the market and then put it back on a month or few months later.