Re:Tech bubbles are bursting all over the place
by mancerayder on Friday May 13, 2022 @02:49PM
(#31371205)
They set the price well under market in order to generate interest and visits. Next, in the same time interval multiple people bid, and you get a bidding war. Alternatively, price it at what you want it, and let it sit however long it takes. For hot markets, the former is what is done, in the US at least
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Re:Tech bubbles are bursting all over the place
by sokoloff on Friday May 13, 2022 @08:17PM
(#31373887)
If you think the house will sell for $1.01M, you should absolutely list it just under $1M (so it hits the screens of shoppers who are only looking at $700K-1M houses).
Re:Tech bubbles are bursting all over the place
by mancerayder on Friday May 13, 2022 @09:35PM
(#31374313)
And you get more simultaneous bids. If one prices it high for the long term and prefers patience, there'll be sporadic bids and eventually low-balls.