The most common pricing mistake is overpricing the property.
Many sellers believe they can always lower the price later. However, homes often receive the most attention during the first few weeks on the market.
If buyers perceive a home as overpriced, they may skip it entirely.
Consequences of Overpricing
Reduced buyer interest
Fewer showings
Longer time on market
Multiple price reductions
Lower offers
Pricing realistically from the beginning often produces better results than repeatedly reducing the price later.