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Real Estate
Reply to "Agent urged us to underprice our house now we regret it"
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[quote=Anonymous]I don't see any information about the OP's house. It is in a desirable neighborhood? Are we talking about a $500->450k drop or a $1000->950k drop? That matters a lot. I can't imagine a short delisting with a price increase would help here. As a buyer in the current market, I'd see the original price, assume there was no offers, and never put in a higher offer. A long delisting might be fine. There's not as many buyers right now, depending on the demographics, so waiting until the Spring might work. But, there's similar odds that the OP would end up paying more for the new house, too. It sounds like the house is getting decent foot traffic. If that's the case, and there's only been one offer, it seems pretty clear that's what the current market has priced it at. If it had been slow, I might have said the OP just hasn't found the right buyer yet. [/quote]
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