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Reply to "Houses that sell over asking were priced wrong to begin with "
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[quote=Anonymous]It's not always that easy to price a house. We were selling a unique house on Capitol Hill that was only 2 bedrooms but was the size of most 3-4 bedroom Hill houses on the market. We priced it on the very top end of a 2 bedroom house but it escalated about $100k during bidding, bringing it up to an above average price of a 3 bedroom. We weren't playing games, but also didn't want to overprice the house. I think it helped a lot that the layout was fabulous (largely because of the missing bedroom) and we'd renovated tastefully so it showed really well. In the end it was a statistical outlier based on 2 bedroom comps, but did appraise.[/quote]
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