Remember, when you list your home, you are picking your competitors....

In the above scenario....

• Option 1 leaves you with some chance of selling, but you are on a very level playing field compared to your competitors.  Your house and all others like it are all priced at $170K (+/-).  You shouldn't necessarily expect to win that competition.
• Option 2 leaves you with a great chance of selling.  Your competition (other $160K homes) aren't quite as large of homes, and won't show nearly as well as your home.  You can easily beat your competition here, and sell your house!