Setting the right price in beginning is always good because it would attract the agents and buyer as soon as you put “for sale” board. If the price is too high, buyers will stay away, assuming you’re not serious about selling.
The first and foremost thing for you to know how much you can afford before you starts looking at properties. Look at your current earnings and expenses and put a budget together. Be realistic! Meet mortgage provider and get pre-approved for an amount you can afford. Remember, you don’t have to spend the entire amount you are pre-approved for – think of your pre-approval as a cap.