Over pricing of a listing can create frustration for both the seller and Real Estate agent, result in longer marketing times and end up in a very bumpy ride for all parties involved. Proper pricing although in many instances may not be pleasant to the seller should make for a smoother transaction by the reaction of the market and even make the agent look good in the end.
I read the following article from MSNBC indicating the thought process of sellers in most markets.You can read this article at
http://www.msnbc.msn.com/id/27648884?GT1=43001
The process would be the same here in Pittsburgh. Pricing any home correctly right out of the box can save weeks and even months of pain and frustration.
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