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Reply to "Houses that sell over asking were priced wrong to begin with "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I feel like it's the agent's incentive to price fairly low. If it's under the market value, it gets bid over asking and then the agent can crow that they got their client a bid well over asking. And if you price too high, the interest is low, which is also not good for the agent whose comission doesn't differ much if you get 700K vs 750K on your asking price.[/quote] Exactly. That’s why a higher price can give a seller confidence that they were able to squeeze every dollar out of a house. The agent has no incentive to do that. [/quote] +1 to these pp's[/quote]
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