When you want to sell your home, you must first determine a price. A seller's initial reaction may be to increase the price that was paid for the home until they have reached a satisfactory profit. When this is done, the home will not necessarily be priced at market value, which can delay the sale of the home. Believe it or not, buyers know VALUE and will only pay the seller what their home is worth at current market conditions. They might like the house that is overpriced, but because they do not see the value, they will continue to look until the buyer believes they have found the best valued home. That is why it is unwise to base your asking price on emotion, it should be based on market price.  As a homeowner take note of whether the homes in that area are priced too high or too low and if they are selling quickly.