Its tough. No doubt about it. You want to get the most money out of your real estate investment, but if you go to high, you end up getting less in the long run. Its hard to compare apples to oranges. Every house is quite different from the other. There are many variables that come into play. Condition of the home, has it been well maintained, recently painted, roof updated, furnace etc. Location is one of the biggest. Is it private, is it fenced. Close to good schools, parks, do the neighbors take care of their homes? Most people think they have a good idea what their house is worth. Most of us (me included) always think a little more, than it is usually worth. This is normal! Its human nature. The very most important variable is how much the comparible houses in your area have recently sold for. Not houses from 2008. It needs to be houses that have sold in the past 3 - 4 months. Not what they listed their house for. This is the biggest misconception most people make. They think the price the house is listed at is close to the price the homeowner usually gets. In this market today, that is the farthest from truth. Most houses for sale in past 8 months have been reduced and reduced. After that, they sell for another reduced price. These were homes that were listed at prices that were selling in 2007 and the first part of 2008. To get the most money for your home right now. Price it right. Very important to be bang on the money. Purchasers are buying, but they are also very informed purchasers. They know what kind of value they can get right now. Most Sellers are still making incredible money on their real estate investment. You also have to remember that you will be buying into the same market. Its all relative. Realtors are trained to sell houses, do market evaluations, handle difficult situations for you. Realtors have all of this information. Use it, and good luck!