While it is possible to do this, it may be frowned upon by some in the industry. There are pros, cons, and risks associated with trying to up-sell your home. In today’s market, houses are in fact selling higher than prior years. However, that doesn’t mean they are selling for more than they are worth in today’s market.
A good agent will have your best interest at heart. So when you’re selling, especially if it’s your first time selling a home, you may want to consider hiring a real estate agent to help you through the process. They will also help you set an asking price competitively and at market value, for a quick sale. Along with handling the buyers who will be going through the house, they will also take care of tire kickers who have no actual intention of buying your home.
If you decide against using an agent that is your choice! However you will want to do your research on recent property sales and what is currently available on the market. You will be the one marketing, showing and negotiating on the sale of your house - so you will have some work to do!
Whether you have an agent or not, you still have the deciding factor on what your property will be listed at. The comparative market analysis that you or your agent completes, the buyer of your home will most likely also have access to. Overpriced homes don’t generally sell, and remember, you can always reject any offers that are too low. Whether or not you will end up with your asking price will also depend on if you are in a buyer’s or seller’s market and if you are selling in the hot season or cooler months. Winter, especially around the holidays is typically slower and the spring and summer months typically move a lot faster.
The seller who pricing their home for more than it is worth ultimately loses out on prospective buyers. Then as their home stays for sale for longer and longer, it may be stigmatized as overpriced and buyer’s will be less and less interesting in even viewing the property. Ultimately resulting in the sale of the home with a much lower selling price than if it has just been listed correctly from the start. A home that is priced correctly according to the current market will result in an offer in the normal amount of time.