This is a question I have for folks that are Realtors.
1) If you price your home below market value, and you get a lot of offers for your asking price, I know you can usually counter with a higher price. But what if you get exactly 1 offer?
2) Are there any legal issues putting a home up for sale at a low price without really having an intent to accept any offers, ethics/morality issues aside? I mean, could I just unconditionally counter with absurd monetary/terms demand such that no one ever accepts the counter?
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For example, Suppose a neighbor is trying to sell his at $1.05-$1.15m. Suppose I put my own home up for sale below a market price, say at $780k. If I get exactly 1 offer, can I simply refuse the offering and counter with another one with a higher price? Or do I need to list my home with a range say, $780k-XXX to give me the latitude to do this? Any issues with this, except the possibility of being a very unpopular neighbor (don't ask 🙂 )
What about an auction starting at 780K and accept pre-bids or something like that? Attach a reserve, whatever you call it, at near the level of reasonable comps.
What about an auction starting at 780K and accept pre-bids or something like that? Attach a reserve, whatever you call it, at near the level of reasonable comps.
What about an auction starting at 780K and accept pre-bids or something like that? Attach a reserve, whatever you call it, at near the level of reasonable comps.
What about an auction starting at 780K and accept pre-bids or something like that? Attach a reserve, whatever you call it, at near the level of reasonable comps.
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