[quote=flu][quote=paramount][quote=FlyerInHi]Doesn’t sound like he needs/really wants to sell.
I see nothing wrong with pricing it above market. Someone might bite. It only takes one buyer. It’s a seller’s market after all.[/quote]
That was my thought – I’m 5k over the zillow estimate.
What I’m runing up against is the active rental season. Once September hits (or school starts) it get harder and harder to find a tenant and I might have to lower the rent or standards.
I’m thinking of lowering the price 10k for the weekend to see what happens. After that on Monday it goes back on the rental market.[/quote]
I never understood why people price above market only to reduce it. Doesn’t that just send a bad message? It seems like it would be more effective to price at market, get a bunch of bids, and play them off each other.[/quote]
I had spoken to this supposedly superstar realtor a few weeks ago, and he said always price high (initially) to make an agent work to sell it. In the past I’ve done what you suggested, priced a little low – sort of the same strategy with a rental property.
It may be to late – maybe I should completely pull it off the market.
Keep in mind all I’ve been hearing is that sellers are in control, it’s a strong sellers market with low inventory.
I was originally planning on including an appraisal waiver addendum.
