Number one thing to remember, the buyer determines the selling price they want to pay, not the seller. If you are asking too much they will make a lower offer or walk away altogether. Have your home appraised right away before putting it on the market. This way you know what it is worth and so does your realtor.

If they price is right you will sell right away. If they price is lower than most of them you will notice more potential buyers coming out. You do not want to be overpriced. People who have been looking know that a house with ten acres and a four bedroom home would be more than just a two bedroom. If the two bedrooms are priced higher then they know it is overpriced.

You will see the most activity when you first put it on the market. If it does not sell as fast as you want it to, then you may have to go lower depending on if you still owe on it. Never go below what you owe unless you can pay the difference or want to keep making a payment and have nothing to show for it.