I see you have plenty of advice on your question. If you have started to consider to list your home and would like some comps run to figure out a good price to list it at feel free to get a hold of me you can visit my website at http://www.josephwreed.com or give me a call (616)299-9602. I'll be glad to help anyway I can.
RE/MAX of Grand Rapids
Thanks for all of the responses.
How did you come up with the price on your home? Hopefully you are working with an Realtor who knows your market well and has given your a comprehensive market analysis on your home.
Kathy Persha, Broker
GRI, CDPE, SFR, CIAS
Nextage Advanced Realty
It shouldn't impact your homes marketability if your neighbor's home is overpriced. It simply won't sell. If it does sell at close to the listed price, that would be a good thing, and should help you ultimately when you do decide to sell. If the neighbor's home doesn't sell near the listed price, it is either priced too high, or in too poor condition for the price. That is a good data point of "what is too high".
Realtors knowledgable in the Kentwood market will check to see what neighboring homes similar to yours have actually sold for in the last few months, and will note the homes that do not sell (expired listings), and homes that are on the market that are not selling in the normal "time on market", and will compare those homes to yours. If you'd like me to give you a good idea of the market value of your home, give me a call or send me an email with your address and I'd be happy to do some research for you anytime. Trisha Cornelius, Realtor, ABR, SFR, e-PRO, Keller WIlliams Realty, 616-558-8927, email@example.com