It is rarely a good idea to take this approach. In most cases where a property is priced higher than market value, buyers and other agents will use your property as an example of what a “good deal” another property on the market is. This will lead to frustration as you watch all the other homes in your neighborhood sell while yours sits overpriced on the market.
By the time many overpriced homes come down to a reasonable asking price, the initial interest of a new listing has been lost and buyers will often think there is some underlying problem with the property since it has been available for so long.
By pricing properly in the beginning, you will almost always get the best price.
Equal Housing Opportunity | Real Estate Agents
