When you are thinking about selling your house, don't set an unrealistic price. In my experience as a real estate agent, clients who were asking a very high price ended up with their house staying in the market for a very long time. This is true also for people who are selling their houses without a real estate agent, such as For Sale By Owner.
There are times when a real estate agent advises you to lower the price. The reason behind it is that they have knowledge of the market trends, access to accurate sales data, and know the realistic price ranges of the area at that point in time. Therefore, you would be well advised to rely on your agent's word and trust her recommendation, even if it is not exactly what you would have liked to hear.
If you are still unsure, you can also confirm the suggested selling price by checking the recently sold houses in your community (called "comparable sales," or "comps" for short). The bottom line is that the selling price of your house must be a realistic one if it is to have any chance of selling in this market.
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