One of the most important factors to consider when it comes to selling your home is the price. If you price it too high you run the chance of limiting the number of people that come view your home and therefore decreasing the odds of finding of buyer. Another risk of pricing too high is that people viewing the home might be hesitant to write an offer because you’re giving the impression that you’re not reasonable or serious.
The downsides of pricing too low are obvious unless we’re in a seller’s market and it’s done strategically to induce multiple offers and create a bidding war.
Care and attention should be taken to put together a Comparative Market Analysis (CMA). The person creating the CMA should take into account the current market conditions including how much inventory is on the market and the relevant recent sales.
Here's a snipet of the CMA that I would provide for your property.
If you're curious what your home is worth call me at (604) 345-3339 or fill out the contact form.