There are many homeowners who overprice their houses in the hopes of lowering the asking price as the house continues to be on the market. If you want to sell house fast, it is recommended that you should never overprice your house. This is because there are many problems that usually arise as a result of overpricing a house. When you overprice your house, you make it very easy for similar houses in your local area that are priced lower to sell faster. Once this happens, your house will stay on the market for long eventually losing its value than what the other similar homes sold for.