The worst mistake a seller can make is “wanting more”.
Pricing a home involves comparing similar properties, making adjustments for the differences between them, tracking market movements and taking stock of present inventory. Essentially it is an educated opinion. It is part art and part science. Ultimately the market will dictate the price.
A home will sell for a price a buyer is willing to pay and a seller is willing to accept. If a property is priced too low, the seller should receive multiple offers that will drive the price up to market value. The danger lies in pricing a home too high.