Is It Okay to List My Home for Higher than the Assessed Value?

Wondering if it’s okay to list your home for higher than the assessed value, and see if anyone “bites?” Many would-be sellers have the mentality that they can and should list their homes high and see if they can score a high offer. If they aren’t in a hurry to sell, these homeowners believe they can lower the price tag down the road if the offers don’t flood in initially.

However, this theory is a common home seller myth. Why? Well, most buyer demand comes within the first two weeks of being on the market. During this initial listing phase, you can expect:

1. Your home’s listing will gain attention online and through email alerts to potential buyers
2. Interested local buyers to tour your home at a showing or open house

As a seller, you’ll want to optimize the initial buzz of your home listing. But if buyers are turned off by the price tag, you may find your home lagging on the market. Buyers may assume that something is wrong with the house or conclude that it’s overpriced.

The result? Sellers may end up receiving even lower offers than if they would have if they’d priced their homes fairly to start with.

Thinking of or getting ready to sell your home? View our Sellers page for more information on how we sell homes and contact us today.