It is not recommended to sell your property any higher than the appraised value unless demand is high in your area. Ask your real estate agent which price would be right for your property. Also, make sure you get a Comparable Market Analysis to assist in determining the best sale price for your property.
Otherwise, you may experience some of the following:
- Your property may be on the market longer.
- You might create a negative impression of the property
- You could lose market interest and qualified buyers.
- A potential buyer may face appraisal and financing problems resulting from the inflated price.