Via Inman news
One risk of pricing too high for the market is that you won’t receive offers. Sellers often find this hard to believe. Why won’t buyers just make an offer if they think a listing is priced too high?
The answer is two-fold. First of all, if a listing is priced too high in a market where well-priced listings are selling, this may indicate that the seller has unrealistic expectations. Making an offer involves a big emotional commitment and it takes a lot of time. Most buyers don’t want to waste their time offering on a listing that’s over-priced for the market, particularly when there are other listings to choose from.