We've seen the pricing strategy of pricing a home undermarket to solicit multiple offers gain steam over the past 6 months. The bank owned properties really got this strategy moving about the middle of last year. Since then , we've seen property owners using this same strategy with success. Not only are these properties selling quickly, in some cases, they are selling for more than list price. Buyers need to be aware of the strategy, and be sure to fully investigate market value before making an offer.
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