When you see the market rising, it’s tempting to price your home even higher than nearby homes that recently sold.
So you tell your listing agent that you want to "test" the market to see if you can get even more for your home. That strategy seldom works unless the market is climbing rapidly.
If you’re looking for a quick, hassle-free sale, you need to decide which is more important - asking more for your home and taking the risk of it not selling for a long time, or asking a reasonable market price and move on to your next home.
Overpriced homes simply take longer to sell. If you’re tempted to “test the market”, remember that the market will test you.Posted by Andreas Holder on