Best strategy is to list below market and let competing bids drive up the price. Pricing too high will just hurt the price in the end as it sits on the market for months on end, and more buyers start to wonder what's wrong with the house just sitting there with no offers. If your house doesn't sell within a month, it is priced too high.
The house I live in currently the people I bought from lost big time. They bought the house for 300K and sold it to me for 300K with a 4K credit. Factor in they put in AC, tiled the bathroom, new stainless appliances, new carpet, closing costs buying and transaction costs selling, they easily lost 60K after 5 years. You can tell they wanted to avoid this because they originally listed the house at 360K and it sat there for months on end.
Frankly, between realtor fees and excise tax, I see where they are coming from, but that's why you must be prepared to hold for long periods of time so that you actually make a profit. Heck, even then there are no guarantees. Owning a house for 10 years is a long time but if you bought at the peak and are still not recovered, transaction costs will basically make it a losing deal for the most part.