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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Well, we have a contingent contract on another house. Our plan was to give it a couple of weeks more through Labor Day and if no offers at the price we want take it off and lose out on the new house. Would best strategy be to delist and quickly realist at our min price and see if any takers on next 2 weeks?[/quote]

And he/she likely priced the house where they did due to your circumstance with the new house.

You sound like you don't know what you are doing, OP.

P.S. It's AMAZING how many people thing UPPING the price is a good strategy.  :roll: [/quote]

This thought occurred to me as well.  Your agent wanted to price to sell, bc you don’t have a couple of months to wait around.  And we’re heading into Labor Day.

We bought in May, and there were several other houses that came on the market in succeeding months/weeks in our new neighborhood that I think were priced in response to our transaction. Three of them sat through price reductions, perhaps  bc the spring market was over.  As an example, I liked one of the houses that came on the market later....but we’d already bought a house.  That house ended up closing more than 150 k under asking...[/quote]

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