Asianautica, that scenario just doesn’t exist as no 2 properties are EXACTLY alike.
I posted because previous posters have implied the range value is a bogus sales tool and buyers should automatically discount the low end of the range when making an offer. Statistics show that this is not happening in the market place and in most instances units are selling at a higher price than the low end of the range.
Powayseller’s is the only case I’ve heard of where a seller has admited to using a listing range that included a value lower than what they actually wanted. I would say most typically motivated sellers will use a low end price, that at that point in time, is the absolute lowest they would consider.
From the 1000’s of transactions I analyze ever week, I can tell you that the majority of ‘low sales’ that stick out like a sore thumb are usually single price point listings. These are sales that show no other indication of being distressed. Many real estate agents just don’t know how to price a property.
