evaluation from an experienced Real Estate Agent will take into consideration other important factors such as: Market conditions Condition of your home Repairs or improvements Time frame The market value is the price that a home will sell in its current condition, within 30 to 90 days. If the price is too high it could: Limit showings. Realtors may be reluctant to show the home, buyers may be priced out, and informed buyers may send low ball offers. Some realtors may also show as a comparison home against other better priced homes. Lead to a lower sold price. A home that is overpriced will have to get the price reduced eventually to be able to get sold, in many cases more than one time, extending the time on the market. When this happens the home may start to be perceived as defective, and buyers will wonder why the home has not sold or if something is wrong with the home or its surroundings. This will most likely result in the property selling lower than if the property had been well priced from the beginning. Wasted time and energy. Many buyers will finance the purchase of a home, and their bank will do an appraisal, and if the appraiser determines the home value is lower, you may have to end up lowering the price anyway to be able to sell it. A well priced home in the beginning will always get you the fastest sale for the best price! That is why you need a professional to assist in the selling of your home.