It’s important when looking to buy or sell your home to understand the market you’re in and the expectations that you have for your transaction. Remember that price and location many times go hand in hand. Not all area’s of the city are going to be moving similar priced homes in the same fashion. That said, be aware of what your neighborhood values are, when looking for a new home or looking to sell.
The old saying “you never want to be the highest priced home on the block”, is a saying because it couldn’t be more true. In the end sometimes it’s just the home for you or the market has too low of a supply to be picky. However, when possible try to find a home with upside or give your home that upside when listing it. Things that add value quickly.