You may have more square footage but your neighbor may have renovated the kitchen and the master bathroom. Certain features in some neighborhoods add more or less value in other neighborhoods. Appraisers usually look at the past 6 months of closed homes. If your home doesn't appraise because it's overpriced, it doesn't matter if you have a buyer or not. The buyer will not be able to get a loan for more than your home appraises for. It doesn’t matter what you “think” it’s worth.
3. Not Understanding the Paperwork
This is a large transaction, so of course there’s a lot of paperwork. There are a lot of spaces that don’t necessarily need to be initialed unless it applies. It’s easy to miss required spaces too. I don’t recommend signing anything unless a licensed Realtor or attorney explains the terms and conditions to you.
5. The Other Agent or Buyer Taking Advantage of You
You are representing yourself in the sale of your home. You must negotiate the sales price, closing costs, and understand any contingencies attached to the contract. You may not know what's "normal" or what's "too much." The realtor is acting in their client's best interest. This means they are not looking out for you, necessarily. I always advise getting a professional opinion, whether it's from a Realtor, attorney, inspector, or appraiser.