Quote:
Originally Posted by Dave L
would it be inappropriate to offer a half eaten ham sandwich?
The only thing I like more than these ads are the ones that say " I would like to get between 20,000 and 25,000" Uhh ya, I think Ill offer 25k knowing that you will take 20k LOL.
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I've always felt the same about the 'ranged" pricing.
Selling houses in NY and after 1st broker could not sell went with Prudential who do the ranged pricing thing.
Here is their logic, say you are looking for $525,000 for your house you list it at $550,000 to give you negotiating room. Everyone knows you'll likely take less than $550 anyway.
There buyers out there that have set a limit at $499 or $500. They will never come look at your house.
By pricing it in a range of $495 to $540 you pick up the buyers that had $500 as a limit.
They claim it generates the "ebay" bidding effect on potential buyers.
I was skeptical until the new broker sold my house in 3 weeks in this market.
My prior "fixed" price was outside of the buyers range, once we did the ranged pricing he came to look.
He passed on a cheaper house in his original range and we negotiated a price for my house that was $25k above the minimum in my listed range.
So I have to say it worked.