Set the right price for your property, avoiding the temptation to overprice. Over pricing a property almost always results in the property sitting on market a long time with no offers. After a while, you will need to reduce the price to draw offers, and all the while everyone sees the property has been sitting and assumes it is not desirable or that something is wrong with the property. This perception further drives down the market value. Remember that all listing history including past list prices are available on the MLS so an over-pricing mistake will stay with you for months! Over pricing by 10% can result in your property selling UNDER market value in the end! In a hot market, consider pricing slightly lower to attract multiple competing offers over asking price and with better terms. In a slower market, aim for a price just above market value so there is room to negotiate with buyers while ensuring top dollar for you on the sale.