I Think I Can Get More for My Home - Maybe

It's not recommended to price your home higher than what you believe it's worth with the intent of lowering the price later on. Overpricing your home can have negative consequences and may actually result in your home selling for less than it would have if it were priced correctly from the start. Here's why:

Fewer showings: When your home is overpriced, it's less likely to show up in online searches and may be overlooked by potential buyers who are searching for homes within their budget. This means you may get fewer showings and ultimately fewer offers.

Longer time on the market: When a home sits on the market for an extended period of time, buyers may begin to wonder what's wrong with it. This can make it more difficult to sell your home in the long run, and you may be forced to lower your price even further in order to attract buyers.

Appraisal issues: If you receive an offer on your overpriced home and the buyer is using a mortgage to purchase it, the lender will likely require an appraisal to determine the value of the home. If the appraisal comes back lower than the asking price, the buyer may need to either come up with more cash or walk away from the deal.

For these reasons, it's generally better to price your home correctly from the beginning. This means doing your research, working with a professional real estate agent, and setting a fair price that accurately reflects the value of your home.

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