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

Forum Index » Real Estate

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=reggie14][quote=Anonymous]Don't accept the offer. Don't raise the price. Neither are options, firstly because you state you need 50G more and secondly because you have done nothing to improve the home 50G, so this is not a good marketing plan and will turn off any pool of buyers. Stick to the price for a month and if no competition/better offers, take it off the market and lose out on the other home. 
[/quote]

This only seems like reasonable advice because there's really no alternative for now.  The OP is only a week into the listing, so I suppose there's still a small chance of a bidding war erupting.  But if there aren't competing offers after a second week and (presumably) open house, I highly doubt a bidding war would erupt.

I don't see this turning out well for the OP, though.  At best, maybe they'll be able to get $50k more in the Spring.  But they're going to find themselves up against much stiffer competition from other buyers, particularly when you factor in the fact that they'll apparently need a home sale contingency.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics