Can This New Strategy Actually Work?
I don't think I have ever heard of a real estate pricing strategy like this.
Apparently in some areas of the country now, real estate markets have begun to improve to the point where properties are receiving multiple offers in a short period of time. Some real estate agents in those markets are now underpricing their listings in order to attract multiple offers. The competing buyers then "bid up" the price until the seller's desired price is reached.
I don't know. I'd be kind of nervous about that approach. You better really know your market situation. Suppose you don't get the bidding war started? All you would have done is tell buyers how low the seller might be willing to go.
Apparently in some areas of the country now, real estate markets have begun to improve to the point where properties are receiving multiple offers in a short period of time. Some real estate agents in those markets are now underpricing their listings in order to attract multiple offers. The competing buyers then "bid up" the price until the seller's desired price is reached.
I don't know. I'd be kind of nervous about that approach. You better really know your market situation. Suppose you don't get the bidding war started? All you would have done is tell buyers how low the seller might be willing to go.
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posted by Terry Ward at 7:43 AM
1 Comments:
tampa commercial real estate properties are absolutely ideal, especially for people who are interested in becoming engaged in international trade, finance, commerce, as well as entertainment and the arts.Nevertheless, people who would like to venture into retail opportunities will be sure to find great options within the region.
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