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"We're not just giving it away!"
 
Line Heard Most Frequently in the Real Estate Community -
"We're not just giving it away"
 
I have no statistics. This is completely unofficial. Just one of those, "if I had a dollar for every time I heard this"... type of thing.
 
My point is - from everything I've observed - there's really no such thing as giving away real estate.
 
If a house is very well-priced, and I mean this from the perspective of the careful analysis of a recent market, and not from the homeowner's love of everything turquoise and her extreme reluctance to part with it, then interest will be high.
 
A buzz will be created and buyers will be coming out of the woodwork to view it and to exercise their option to buy it. Multiple offers will come in; a bidding war will ensue and, before you know it, the sold price will be right back up to where it was always supposed to be.
 
The same strategy was always employed with short sales and foreclosures. A ridiculously low asking price generated a long list of prospective buyers. By the time you were instructed to deliver your "highest and best" offer, the sale price was ... more

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