You should never, never go with the price estate agents suggest. You know why? They are not your blood relatives. They just want to squash your asking price so that the first person who comes along will snap it up and they get their commission and next house please. They run a business, for money and not for love. I have seen brother asking me to bill more so that he can get more money back from his own brother. If you look a bit dumb or stupid, they will name the price for you. I said the same to the estate agent staff about his attempt to squash my price, he just giggled. I was telling the truth. What do they care? Put yourself in their shoes and you will get the picture. I am desperate to move, but it doesn't mean that I should give away my house.
The man from the estate agents said to me, "If you don't put the house on the market now, the house prices will fall further and you will lose out!" I wanted to laugh, but I tried to treat people with dignity even though they wanted to talk down to me as if I were an idiot. He forgot that if the house prices were falling, I would buy a cheaper house! Then he said his estate agent was better because they used Z****! I just wanted to laugh. Really, I should be sharp with comments like this just was plain silly.
Do your own research and find out how much similar houses are asking on the market.