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Should I List my home UNDER market value to inspire a BIDDING WAR?
Is a Bidding war what every home seller should inspire to have? More and more when i go out to interview to list a Manchester NH area home, the sellers tell me other agents want them to list low to inspire a bidding war. 
 
I always complete my own Free Market Analysis also known as a Broker Price Opinion or BPO on every home I want to list. Basically looking at the homes style, size, age, location, condition, upgrades while comparing them to what has sold in the last 6 months that is similar. I add and deduct for upgrades, condition and or differences.
 
My goal is to set a range of value. Such as your home is worth xxxx based on sold comps. You should ask xxx price, we can count on offers in this range and most probable sales price is xxxx. The dirty little secret is you do not need a biding war to get the highest and best offer for your seller.
 
A bidding war can scare away more buyers than it attracts. The fact is the first offers can be the best offers. Buyers in this market who have lost out on their dream home for being too slow or offering too ... more

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