High end of range? What high end? I don’t see any high end. I just see one price. Here’s my offer. 🙂
Tempers aside, the problem I have with range pricing is that they are trying to get search hits on a higher priced home among lower priced homes (this is said in the blog). As a buyer I would like to know “what’s your asking price?” If the seller says asking = (max+min)/2, then I will feel that that information should have been advertised.
Frivilous point? I don’t think so. The buyer has a budget and sets a maximum price on a query of asking prices. A house makes it into that query but doesn’t belong there. Sort of bait and switch, but not exactly.
This is telling from Bryant: “Jon, your statement ‘the low side was still overpriced’ is exactly why a lot of Realtors do not use RP successfully” So if the low side is deemed overpriced, then that is equivalent to saying the low side needs to be underpriced. But then “underpriced” value is put in the same bin with real asking prices. This proves my point and MLS should not be allowing this. It’s intent should be to share information to the buyer–hiding the true asking price is not consistent to the purpose of MLS.
