Everyone wants to sell at the highest price possible and many times sellers sell way above market value. High price sellers always assume that they can start high and negotiate their way towards a lower price if the client is really interested in the property. In reality, buyers will not even look at a property that is way above their budget. Buyers nowadays are very educated and the wide availability of properties available may not give your asset any special consideration to be priced above everyone else. Higher prices that are beyond normal values will turn off your prospects. Should they even bother to look at your property, you are helping your competitors justify why your buyers should buy from them and not from you. In the end, you are helping your neighbors sell their properties faster by making your property an example of how much they can save by buying a similar property at a much lower cost. After a few months of not being sold in the market, the property becomes stale and buyers start suspecting that there is something wrong with your property and they stay away from it even more. In the end, you may end up selling at price lower than market value. Consult a licensed Realtor so you can properly price your asset from the start. This will save you time and effort and you will reap the rewards of receiving serious inquiries for your property.