I always educate my homeseller prospects about a deceptive practice called Buying Listings and how it will hurt them in the long run.  Extended market times, multiple price reductions, and the belief that there is a problem with the property are a few of the major ones. 

Unfortunately, I have lost listings to this type of manipulation even after providing these warnings. There are still several of these listings currently on the market where I gave a presentation to the seller, but another agent "BOUGHT" them.  All of these sellers have taken reductions and many have been on the market for nearly a year now.  A couple of these sellers where wanting quick sales.  Over-priced listings DO NOT sell QUICKLY!

When agents over-price a home, they usually have a reason.  Either, they give in to a seller who wants too much for the home.  They lack confidence in their ability get the listing otherwise.  They have an inferior marketing plan, or they just want to get the listing only to reduce the price later.  None of these reasons are going to help you sell your home.

Sellers do yourself a favor and listen to more than just price.  Listen to the agent with best marketing plan!  How is the agent going to get the word out that your home is for sale?  That is the most important element in selling your home. 

Don't forget that even the best marketing plan will not sell an over-priced home.

Remember, your home's value is not determined by a real estate agent.  It is mearly calculated buy one.  The value is detemined by what the market will bear.  In other words what a buyer in today's market is willing to pay for it. 

Agents are NOT all the same.  If one agent says you can get $10,000 or more than the others, think about what over-pricing will do and DON'T give the over-priced agent your business.  

Don't allow yourself to be bought!