Over Priced?? Your thoughts Please :)

Jas0nP

I'm uneducated in housing prices and the housing market but i'm trying to educate myself since my gf and i have started the search for a home.

From the sellers point of view, if they are in negative equity which it seems, the seller might as well put the house on the market for an asking price way above the value of the house as soon as they aren't in a rush to move out, right?

That seems like a dumb question because i guess what i am asking there is if they aren't in a rush to move out but would prefer to then of course they might as well put the house on the market in a fashion to get as much as possible for it. So they opt for a large asking fee and what it out for that possible in love or uneducated buyer.

So leading from that, does this happen a lot? Do a lot of sellers put their house up for large asking prices being willing to wait? If i owned a home i enjoyed living in but wanted to move anytime from now to in two years time i might as well put it on the market for a x% higher asking price than value. Is there any constant cost from RE to keep a house on the market?

Many many thanks all.