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no....that "wild price" still needs to appraise.... we don't test.... it's time consuming and most have a time frame to move...
San Antonio, TX
Debe Maxwell, CRS
I have done it many times, and many times they have sold.
Stevens Point, WI
Not around here!
No, I don't want to play with crazy prices!
Not all, depends on the area. But I did listed a very ugly house and my phone calls nonstop. Ugly houses are the most popular in my hood if priced right.
Dennis Swartz - wild prices will bring in wild buyers....lol!
I have sold seveal in the last 2 years with wild prices.
No; we try to keep everyone out of the Stratosphere
Not in my market. Over-priced listings do not sell. Not without price reductions that reduce the price to a realistic price.
Good listings sell. Crappy listing sell. Everything sells when it is priced right.
Our market isn't quite that crazy yet.
My market is comprised of mostly government loans so appraisals still matter and buyers rarely pay over the appraised price so pricing correctly matters. Being wild and foolish is not how it is done in our market.
yeah, no. The last thing I want is crazy market.
The market never determines the fundamentals.
Like the law of gravity, the law of selling a home is 99% price, 1% marketing.
The answer to your question therefore is NO.
Still have to have it appraise, or find someone who will waive the appraisal contingency.
Still has to meet value for the mortgage company.
I would not recommend it - the only way to ride the wave is to be property equipped - smart pricing always makes sense!
Sure, why not. Throw it on the wall and see if it sticks.
Really, that would be a disservice to your clients. If it sits and does nothing, you've hosed yourself and your client. Price it right and if there's bigger demand, then you'll get over price offers.
Not here, still a buyers market.
Nope, not my strategy. But I admit you see some things selling at prices that are surprising
Yes, I recently had a close encounter with a listing agent who priced the house much higher than a generous calculation could justify. My clients offered full price and sure enough, the appraisal came in $28K short. Negotiations brought the price down where it should have been to start with.
Anything goes in Real Estate....
Dennis Swartz No, I want my listings to sell so I still stick with the comps.
I don't do wild myself - I do appropriate for the market
I don't take over-priced listings very often, but I have a commercial property that is too high and I'm still optimistic because it is a unique property!
No because all buyers are not cash buyers or buyers willing to remove the appraisal contingency and they often can't locate proper comparables even for the correctly priced sales. So, rather than run into that bump in the road, pricing it properly is still key to a successful sale - and not just a successful 'Under Contract!' It still needs to get to the Closing table!
We have been increasing List Prices and getting it !
Beent rying to buy in Florida and seeing prices at $65,000 over the nearest comp so yes it is a wild 2017 so far. FYI, they aren't selling.
Nope! Reality has its place!
NO, even in this market ver priced listings do not sell
Yes, I've noticed even the 'that's never going to sell' homes are selling. Not that fast but at a pretty good pace here.
No, I don't do wild price listings.
I prefer not to do wild prices.
low inventory high demand we do represent the seller
I don't do wild prices... I do prices that properly reflect market conditions and each home's value. I keep telling my clients that a hot market is no reason to "run away with themselves" with crazy pricing... because at the end of the day, the house still has to appraise. And appraisers are surely not running away with themselves over-valuing homes.
Nope, that's someone else's listing. I recomend price based on absorption rate and seller's desire to sell. It's not productive to invest marketing in houses that the seller is not quite ready to move.
We have been doing that for 3 years now, with a crazy seller's market.
I still prefer reality.