4 ms·
They set the price well under market in order to generate interest and visits. Next, in the same time interval multiple people bid, and you get a bidding war.
by mancerayder 4y ago
They set the price well under market in order to generate interest and visits. Next, in the same time interval multiple people bid, and you get a bidding war. Alternatively, price it at what you want it, and let it sit however long it takes. For hot markets, the former is what is done, in the US at least
- sokoloff 4y agoIf you think the house will sell for $1.01M, you should absolutely list it just under $1M (so it hits the screens of shoppers who are only looking at $700K-1M houses).
- mancerayder 4y agoAnd you get more simultaneous bids. If one prices it high for the long term and prefers patience, there'll be sporadic bids and eventually low-balls.