Next door house listed for $100k more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How does your house compare to the one that just sold for $740,000?

OP here. Same model house. Ours is much better. Our roof and windows are less than 10 years old. And that house closed 1 week ago. It was listed in July for $679k. I think they got lucky if you want my honest opinion. We of course would love to be lucky like them.

Anything else besides that you believe your roof and windows are newer?

[Anonymous]

Anonymous wrote:No, don't pay attention to your neighbors list price.

+1

I wish I had listed for $10K more. We tend to anchor our pricing to what we see around us (this applies beyond housing prices to everything).

In my case, I listed for a bit higher than I expected because so many people offered $50K or so less. Eventually, I got the asking price, which was good enough.

[Anonymous]

Remember you will have to pay closing costs, which vary based on your state. Mine were in the $60,000 range so I factored that into the price in order to net $XXX,XXX.

[Anonymous]

Anonymous wrote:Remember you will have to pay closing costs, which vary based on your state. Mine were in the $60,000 range so I factored that into the price in order to net $XXX,XXX.

This. And they can add up too.

[Anonymous]

Anonymous wrote:

Put "motivated seller" in the ad and see how much people ask for as a discount.

Do not do this.

$699K seems like the play here. Come back and update us with what you decide!

$699 is stupid. List it at an even $700K or $715K. You're not missing anyone by pricing under $700. This is not retail where you have to price your house at $699,999.99