Replies

It’s like listing a house.

Very poor advice.

Every property is unique. The goal when listing and selling is to find the buyer in the current market that wants it more than everyone else. The higher you list a house the fewer the showings and the less chance of finding that buyer. If the house doesn't sell quickly, it can get a market stigma that something must be wrong with it.

A wiser strategy might be to list it right at or slightly below current market value to increase showings and activity. Many times multiple competing offers are received and the house will sell quickly for more than the asking price.

“A wiser strategy might be to list it right at or slightly below current market value to increase showings and activity. Many times multiple competing offers are received and the house will sell quickly for more than the asking price.”

It depends upon the market.

In a slow market set a GOOD price that you hope to get.

In a hot market your strategy is good.

In a COVID market (like I live in) list high and hope/expect multiple offers.

My neighbors listed their house for a high mark in our subdivision and received multiple offers in the first day.

The accepted offer was for $75,000 over list and all cash. Closed for $1,950,000 in 45 days.

We are expecting out property taxes to rise in the next few years...The market is insane right now.