> There's no reason the home should be priced considerably below the market price. Partially because you comp against recent sales in the area to determine mar

> There's no reason the home should be priced considerably below the market price. Partially because you comp against recent sales in the area to determine market rate, it takes a while to close so the comps you have available are usually a few months old, and the price moved a lot in a few months This happened to me multiple times. Recent sales as late as January suggested X could win this house, I put in an offer at X+15, I'm later contacted that there's an offer at X+50 and I can put another bid in if I want to one up them Of course in this example X is already over asking so you're right I think that this is done intentionally.