We also would like to voice our opinion that over priced listings help no one.....they clog the market and put agents and their companies to embrace fruitless expenditures.
If the seller is unreasonable about the value of their home, it is a mistake for real estate professionals to list such property. In our opinion, this is another reason for agents being criticized for not knowing the market or being able to deal with customers in a factual manner.
The result of any listing that can not be priced as an accurate reflection of the current local real estate market should always be, not to list such property..........
You will end up sitting on that house as the other houses priced better sell. If you are able to get a price reduction on it, it will probably be too late and all you will end up doing is chasing the market.
Also, that house has to appraise out. Should you get an offer on it at the inflated price, then what happens when the market doesn't support it?
You will not be doing the seller any service by telling them what they WANT to hear. Tell them what they NEED to hear and price the house correctly from the start. You'll save yourself alot of aggrevation in the end.