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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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I don't get it...
When a house on MLSLI has this as their price:
Price Range: $625,000 to $699,000
Why do they do that? Why don't they just list it at $625? Who would actually offer higher than that knowing they would take $625...
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Posted 1/5/07 10:12 AM  |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: I don't get it...
maybe it an auction house
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| Posted 1/5/07 10:13 AM |
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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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Re: I don't get it...
It's in oceanside and right near my mom. There is a century21 sign outside. It's bee on MLS like that for months now...
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| Posted 1/5/07 10:14 AM |
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bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
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Re: I don't get it...
i looked at a house that did that in long beach. the owner happened to be there so i asked, out of curiousity, why it was listed the way it was. He fumbled for an answer but really, there wasn't one.
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| Posted 1/5/07 10:27 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: I don't get it...
they do it so they can get people who are looking in the lower end of the range in and try to get them to bid more....the market isnt competitive enough for it
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| Posted 1/5/07 10:31 AM |
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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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Re: I don't get it...
Posted by Meaghan729
they do it so they can get people who are looking in the lower end of the range in and try to get them to bid more....the market isnt competitive enough for it
Ok I guess that makes sense. But they probably always just get offers for the lower end of the range then, right?
Does it also mean that they won't take anything lower than $625?
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| Posted 1/5/07 10:52 AM |
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chikita315
Love
Member since 8/06 7945 total posts
Name:
M-lo
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Re: I don't get it...
We went to see a house recently that was listed $499-$529 and the REA told us it was because the owner realized the house needed a new bathroom so he was making a $30K concession. I asked the same thing, why doesn't he list it at $499 then? REA didn't really say anything.
I think it's their way of saying, don't think of making an offer lower than $499
Message edited 1/5/2007 11:05:17 AM.
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| Posted 1/5/07 11:04 AM |
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Mom-2-Liam
LIF Adult
Member since 10/06 917 total posts
Name:
Mary
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Re: I don't get it...
I saw something like that too..weird.
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| Posted 1/5/07 11:14 AM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: I don't get it...
I saw a house in Nesconset listed at $299,999-$349,999. I too found it strange, why would you do that, and basically it turned me away because they probably won't take anything less than $299,999
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| Posted 1/5/07 11:54 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: I don't get it...
Its the same as when houses are listed that say auction. I think these people are stuck in a world of two-three years ago when it was a sellers' market. They are trying to start a bidding war.
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| Posted 1/5/07 11:58 AM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: I don't get it...
don't they realize its not a bidding war anymore, oh lordy!!
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| Posted 1/5/07 12:02 PM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: I don't get it...
Posted by Meaghan729
they do it so they can get people who are looking in the lower end of the range in and try to get them to bid more....the market isnt competitive enough for it
That is what my REA told me too.
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| Posted 1/5/07 3:47 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: I don't get it...
it's kind silly IMO- it's like laying your cards out on the table
or someone saying the price is $10 but I will take $8
so of course you will offer $8
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| Posted 1/5/07 3:50 PM |
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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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Re: I don't get it...
Posted by Beth1210
it's kind silly IMO- it's like laying your cards out on the table
or someone saying the price is $10 but I will take $8
so of course you will offer $8
I agree, it doesn't make sense. Even people willing to pay $10 will still offer $8.
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| Posted 1/5/07 3:55 PM |
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SupportACop
Momma's Boy & Lovin' it!!
Member since 5/06 2579 total posts
Name:
C
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Re: I don't get it...
Posted by Meaghan729
they do it so they can get people who are looking in the lower end of the range in and try to get them to bid more....the market isnt competitive enough for it
exactly! Or the REA can show them something else in their price range.
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| Posted 1/5/07 4:18 PM |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: I don't get it...
Posted by chikita315
I think it's their way of saying, don't think of making an offer lower than $499
exactly!
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| Posted 1/5/07 5:24 PM |
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