Agent urged us to underprice our house now we regret it

[Anonymous]

I feel like intentionally trying to start a bidding war is kind of greedy behavior so you got what was any to you.

[Anonymous]

^coming to you^

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you sure it’s not priced correctly? Do you really think you’d get more offers if it was priced higher?

Yes a very similar house same layout a few doors down sold for 75k over our list price last month. That one has a bonus screened in porch so we mentally discounted 25k from what we would expect

So based on this comp, your house is worth at most $50k over list? And they listed in June?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure it’s not priced correctly? Do you really think you’d get more offers if it was priced higher?

Yes a very similar house same layout a few doors down sold for 75k over our list price last month. That one has a bonus screened in porch so we mentally discounted 25k from what we would expect

A screened porch costs $40k bare bones.

It’s a very small one so we thought 25k was reasonable

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure it’s not priced correctly? Do you really think you’d get more offers if it was priced higher?

Yes a very similar house same layout a few doors down sold for 75k over our list price last month. That one has a bonus screened in porch so we mentally discounted 25k from what we would expect

So based on this comp, your house is worth at most $50k over list? And they listed in June?

Yes, they listed at 100k above us and sold at 75k over our list

[Anonymous]

Anonymous wrote:I feel like intentionally trying to start a bidding war is kind of greedy behavior so you got what was any to you.

This was the strategy our agent recommended in order to reach a non greedy reasonable price, hence why feeling terrible. Because realizing that we should have just listed at our bottom number

[Anonymous]

Anonymous wrote:I feel like intentionally trying to start a bidding war is kind of greedy behavior so you got what was any to you.

+1 reap what you sow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I feel like intentionally trying to start a bidding war is kind of greedy behavior so you got what was any to you.

This was the strategy our agent recommended in order to reach a non greedy reasonable price, hence why feeling terrible. Because realizing that we should have just listed at our bottom number

You have an offer for what your price was listed at. That is it. Why in the world do you think you’ll get more if you relist?? Your house is worth what someone will pay and that is it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I feel like intentionally trying to start a bidding war is kind of greedy behavior so you got what was any to you.

This was the strategy our agent recommended in order to reach a non greedy reasonable price, hence why feeling terrible. Because realizing that we should have just listed at our bottom number

You have an offer for what your price was listed at. That is it. Why in the world do you think you’ll get more if you relist?? Your house is worth what someone will pay and that is it.

Because had we listed at the right price I bet they would have offered that

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I feel like intentionally trying to start a bidding war is kind of greedy behavior so you got what was any to you.

This was the strategy our agent recommended in order to reach a non greedy reasonable price, hence why feeling terrible. Because realizing that we should have just listed at our bottom number

You have an offer for what your price was listed at. That is it. Why in the world do you think you’ll get more if you relist?? Your house is worth what someone will pay and that is it.

Because had we listed at the right price I bet they would have offered that

They won’t now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I feel like intentionally trying to start a bidding war is kind of greedy behavior so you got what was any to you.

This was the strategy our agent recommended in order to reach a non greedy reasonable price, hence why feeling terrible. Because realizing that we should have just listed at our bottom number

You have an offer for what your price was listed at. That is it. Why in the world do you think you’ll get more if you relist?? Your house is worth what someone will pay and that is it.

Because had we listed at the right price I bet they would have offered that

If that was true you would have had the bidding war that you were hoping for.

[Anonymous]

I think your agent is not working in your best interest. You bought paid cared for etc etc etc and your agent just wants a quick sale. Raise the price whenever you want to. Bonus screened porch is not worth $40k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I feel like intentionally trying to start a bidding war is kind of greedy behavior so you got what was any to you.

This was the strategy our agent recommended in order to reach a non greedy reasonable price, hence why feeling terrible. Because realizing that we should have just listed at our bottom number

You have an offer for what your price was listed at. That is it. Why in the world do you think you’ll get more if you relist?? Your house is worth what someone will pay and that is it.

Because had we listed at the right price I bet they would have offered that

They won’t now.

Exactly why I feel so incredibly crappy, for not going with our gut

[Anonymous]

Just think how long it will take you to earn another tax free $75k.

[Anonymous]

OP, we sold in the spring and got multiple offers. But even still, our house sold for nearly 40k less than another house right down the street with the same floor plan as ours. Their house had a screened in porch, better lot, and some nice closet systems.

Luckily our realtor had warned us to price our house based on the overall comps and not just one pin our price on that one sale in our neighborhood.

You never know if your neighbor’s house had an “it factor@ that yours doesn’t or if there just happened to be a couple desperate buyers at that exact time that caused their house to sell for 75k more than yours.

Stop focusing on your neighbor’s house and look at how your house is priced for the overall market. Your realtor may have oversold you trying to ride the coattails of your neighbor’s house.