Depending on the home, if it is listed for higher than market your home will most likely sit unless its in a great area and sales are good. Of course you go with the highest and best however, if you were to receive an offer above appraised price then the buyer would have to come up with the difference because a lender won't lend more than appraised value.
So if you are not in a rush and you think it can sell at a higher price then hold out. If not then you have to be realistic about your asking price.
First United Realty