sallyg said:I'm shocked at some list prices.. well all of them .. but I think an. Initial high price is just marketing strategy and maybe we'll get lucky thinking.
In my neck of the woods, it tends to go the other way. They list a *little* low to spark a bidding war, and then get a dozen or more desperate and escalating offers. To be fair, that was how I sold my two previous places (sold in 2016 and 2018 for 8 and 10% above list, respectively...8 offers on each), but it leads me to believe that the list price might even be a little low on this one, despite being so much higher than previous sales (from last year...there are only 40 homes on my block, and only 6 have come up for sale in the last 2 years...5 flips and an intensive owner reno where the owners had to relocate out of the area).
Good for me if something goes sideways and I need to take out a home equity loan? I know I could cash in, but I wouldn't get this space and convenience (25 minutes by bike to my office, <15 minutes walking to a Metro, 3 blocks to a grocery store) for anything approaching my budget, even after making bank by selling high..
