Setting Your Sales Price
It is better in a seller’s market to price your home under market value, contrary to what most people would think. By pricing the home low, you will get interested buyers promptly and create a bidding war. A bidding war many times pushes the sales price higher than you started. In that way, the seller gets his high price but doesn’t leave the house sit on the market with price adjustments. The majority of traffic is in the first week of listing a home. So you don’t want to lose those potential buyers with a high list price at the onset.