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Reply to "Agent urged us to underprice our house now we regret it"
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[quote=Anonymous][quote=Anonymous]Said there would be a bidding war, one open house later we have an offer at asking but no war to speak of. The lowest we’d accept is 50K more than list but she was trying to cast a wide net by pricing so low. We’ve now realized it going with her price was a mistake. House getting a lot of traffic for August but clearly not enough for escalations. Is it too late to raise the price before the next open house? [/quote] So wait, you are priced lower than you want and have low traffic and no offers? Reduce the price. You are actually overpriced. Don’t waste time rationalizing about “seasonal.” The market doesn’t work that way.[/quote]
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