The real estate market is turning upward and in some parts of the country it is a sellers market again. This good news could tempt sellers to want to be more aggressive with their listing price. According to the National Association of Realtors, "40% of sellers say they plan to price their homes above market value". However, that could potentially backfire making it a very risky strategy.
Recent market statistics show that today's buyers are far less tolerant of overpricing. In fact, homes that aren’t priced according to current market conditions are staying on the market longer, forcing price reductions. Most buyers will also associate a price reduction with some sort of defect in the p...
