You will sell your home faster, for a higher price
In a hot market with many buyers, a fairly priced home could receive multiple offers because people recognize it’s a good deal.
It may even spark a bidding war that drives the final offer above your asking price, but an overpriced home could scare away some of those buyers, who may think that they’re dealing with an unreasonable seller.
Buyers will have more confidence in your property
You don’t want to price a home too high, but you don’t want to go too low, either. Then, a potential buyer may wonder if something is secretly wrong with your property.
If you offer your home for a fair price, one that’s similar to comparable sales in your neighborhood, a buyer may feel better about the transaction.