Seller Ask:Is it smart to "test" the market with a higher offering price

Is it smart to "test" the market with a higher offering price at first?

Answer: It does neither you nor your agent any good to list a property overpriced. But why not test to be sure? Here's why: Because you will lose precious market time and you risk an over all lower final sales price.

You can not ignore the comps (recent comparable sales) and your Realtors advice. Testing high signals a greedy seller and buyers have way to much to choose from right now. They will wait and hit you below the belt once you finally drop your price.

Overpriced Homes-Sell Slower, For Less and often not at all. I maintain that you’ll shoot yourself in the foot by overpricing your home. Your home will almost always sale at or above market value by pricing at or below market value.