When you're selling your home, the price you set is a critical factor in the return you'll receive. That's why you need a professional evaluation from an experienced REALTOR®. This person can provide you with an honest assessment of your home, based on several factors, including:

Real Estate Market Conditions
Condition of Your Home
Potential Repairs or Improvements
Time Frame for Sale

In real estate terms, market value is the price at which a particular house, in its current condition, will sell within 30 to 90 days.

If the price of your home is too high, these are the risks you take:

Limits buyers. Potential buyers may not view your home because it's out of their buying range.
Limits showings. Other real estate salespeople may be more reluctant to view your home.
Used as leverage. Other agents may use your higher-priced home to sell against homes that have been priced more realistically.
Extended stay on the market. When a home is on the market too long, it begins to gain a "reputation". Buyers, or their agents, may wonder, "What's wrong?" or "Why hasn't it sold?"
Lower sales price. An overpriced home, still on the market beyond the average selling time, could lead to a lower selling price. To sell it, you will have to reduce the price. Possibly several times. In the end, you'll likely get less than if the home had been priced appropriately to begin with.
Wasted time and energy. When a home is priced right, it sells faster, with less headache and worry, and you will reap the benefit of knowing you got what you wanted from the experience - price-wise and otherwise. A bank appraisal, needed to finance most homes, is the final tell-all as far as market value. Unfortunately, that doesn't come until an offer does. Don't waste your time playing a guessing game.

REALTORS® have known it for years - well-kept homes, properly priced in the beginning, always get a seller the fast sale at the best price. That's the best reason to hire a needed Real Estate Professional to assist you in the sale of your home.