As asking price that is beyond market range can adversely affect the marketing of a property.
As a seller, you control:
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The price you ask
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Property condition
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Access to the property
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Terms of the sale
As a seller, you do not control:
What is the impact of pricing?
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Properties priced within market range generate more showings and offers and sell in a shorter period of time.
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Properties that are priced too high have a difficult time selling.
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Agents will preview your property and then not show it if they are finding better properties in your price range.
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Buyers will visit your property with no results if they are finding better properties in your price range.