Whats the downside, if any, of pricing my home on the high side?
Several factors may come into play: • You might help sell similar homes that are priced lower. • Your home may be on the market longer. • You could lose market interest and qualified buyers. • You might create a negative impression of the property. • You may have to accept less money. • A potential buyer may face appraisal and financing problems resulting from the inflated price. • You could lose money as a result of making extra mortgage payments while incurring taxes, insurance and unplanned maintenance costs.
