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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][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] Where are you listing and where is your house located? Location is everything (and condition/update to house matter). I sold in the spring frenzy in DC and got $55 over asking with multiple bids. [/quote] Last poster here - it was $55,000 over asking. We priced about $25,000 lower than our minimum and did just fine. Again, timing matters (spring) and location.[/quote]
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