the others as better value, and may well not consider
your home at all. Once it has been removed from
their list, even if you reduce the price at a later time,
you may well have already lost the perfect buyer.
The buyers who view your home when it is first listed
have often been searching for a few weeks, so they
are very familiar with what homes are available and
the prices. Future buyers may only be in the early
stages of home hunting, so not be ready to buy.
The other situation that can happen with a home that
is listed for sale at a higher-than-market price is that it
can simply help to sell other homes. Just like the
more expensive cornflakes box means that the you
are more likely to see the value in the other one, so
can an over-priced home.
Your best ally at this time is
your local real estate agent.
The online databases are
an excellent source of
general information, but it is
the local agents who have
the knowledge of the sales
and negotiations that are
not yet available to the
greater community.