Why not price it correctly and get it sold?  

If you price it correctly, it should sell soon. 

Thanks for the reply

We are due for a slight correction, but those generally quite nuanced and they happen on a neighborhood-by-neighborhood basis (example: the prices drop 2%-5% for a quarter or two in a specific neighborhood).Q2 set a benchmark. 1/3 of all SFH sales were sold for $2m+, and the median sale price for a SFH was $1.62m, which was a 13% YTY increase. 

@Andrew Boettcher is correct.  

@Tom Keith Tom  correct me if I am wrong but the next one is the 12th of this month on Monday. 

A draw schedule could look like Spare rooms 1wk (week 1) 100%= 10kMaster bedroom 2wks (50% week1, 50%week2) = 15kBathroom 1 wk (week 1) 100%=15kKitchen/Living Room 4 Weeks (25% ea week)= 12.5, 12.5, 12.5, 12.5This should allow you enough oversight to catch stuff as it comes up and correct it before it's too late... and again it was a generic example ignore the costs.

Now, the assessed value is very rarely correct (which is why you should always appeal taxes), so this doesn't mean the building is actually worth that amount.

Thanks for the quick replies.

I'd imagine most of the horror stories you've heard about dealing with permits were people who didn't pull them at all or from people who didn't hire professionals to do the job correctly.