My house is going on the market in a few days. I think it is worth $450K+, I hope I get $465k. My realtor wants to list it for $420k and start a bidding war. 4 days to see it and best and final offers in 1 day after last viewing.
The comps are questionable. I think pricing it too low discourages people from putting offers in. I know I didn't even look at houses that were priced too low since I didn't want to deal with a bidding war. So should I price it for what I think it is worth or price it low? I would not be happy selling it at $420k.
My house. Built in 1950. 3 bed, 2.5 bath. 2300 SF. Updated kitchen 2 years ago. Well maintained, amazing yard and really shows nice.
Comp 1: 30 days ago. About 5 houses down from me. Same bed/bath. 900 SF less. Never updated since the 50s except the kitchen. I spoke with the buyer and he said it needed to be gutted. Listed for $350 and sold for $350. Many above asking price offers but his was cash and they required 100k down to take his offer.
Comp 2: Just sold a few days ago. 3 houses down from me. This was a lipstick on a pig situation. 1950s house, same Bed/bath amount. 600 less SF. Listed for $350. It had 92 viewings in 4 days, 12 offers. Under contract for $380.
Comp 3: 90 days ago. Across the street. 1950 house. 4 bed, 3.5 bath. 1200 SF larger. Decent condition. Listed for $475k and sold for $525k. Cash deal, no contingencies.
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/r52q1g/price_low_or_price_it_right/
Comments
Post a Comment