Reply to Agent urged us to underprice our house now we regret it

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hey dum dums...
2 weeks is not “the market speaking”. Very few neighborhoods have less than 30 DOM. 
Although it would be good to know that the average is for op’s area...[/quote]

I agree, if they wait 120 days they should get another offer *checks notes* ...$50k above the list price.[/quote]

We waited another 60 days at got  106k over our first offer. Suck it.[/quote]

But was your first offer list price? It would be very surprising if someone comes along at a later date and decides to just make an offer 50k over list knowing the house has been sitting. At most in that scenario I can imagine asking price + escalation clause, but without competing offers, it’s not going to escalate over list price.[/quote]

My only point is that 2 weeks isn’t nearly enough time, AND they listed at one of the worst times of year. Our first offer was 100k under list, because it was a terrible time of year. We pulled the listing and came back on market 2 moths later. 
Op, is in a terrible predicament by the realtor’s design. That doesn’t mean the house isn’t worth the price the seller had in mind. Op is in a real pickle, especially if their contingent offer has language directing them to move forward. My advice is to put the screws to the realtor, and go from there.[/quote]

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