It depends on the asking price of the home.
An interesting statistic for the North Port - Port Charlotte - Punta Gorda area, is that homes are selling for 97% of list price, according to the local board of Realtors.
So I guess what I am saying is...it depends. There are still situations where you would want to start low...but there are other situations where you may expect multiple offers. Depending on the situation, you would either want to come in low...or bid with your highest and best.
I would get the advice of your Realtor, and take that along with a buyers' CMA (comparative market analysis) to make an informed decision.
For more market statistics, check out my blog: www.NorthPortHouses.com/blog/
If you do not have a Realtor, I would be happy to discuss this with you.
Jason Ester, Realtor