Should I price my home high for a little while to see what happens?
Sellers Answers

If a property is overpriced, it has a tendency to sell other homes in the area, all the while keeping your property on the market longer and losing the initial interest of buyers. Homes that remain on the market for a long period of time almost never get shown. Buyers are interested in something that is new and if the property sits on the market for a long period of time, they wonder what is wrong with the house that kept it from selling, even if the only thing "wrong" was an inaccurate price.

If the property is right the first time, it will usually give the biggest profit.