Listing price increased in the same day.

Paul
Home Buyer
Michigan

I house recently came on the market for $150,000 and at the end of the same day the price increased to $160,000. Why would a Realtor do this?

Answers (5)
Todd Lands
Agent
Ann Arbor, MI

Hey Paul,
Kris who answered this first was mosT likely correct with her answer. I like her last input of: "Human beings - human mistakes :-)". I have seen listings come out where they neglected t oput in the three zeros to indicate that the listing was for thousands of dollars (great deal! I'll take it!). I have to ask what proeprty is it? There is one other reason that could make some sense that we (REALTORS) don't like to talk about a loud. It could be a situation where the the listing was sold before it really hit the market and the buyer has asked for closing assistance of $10,000. . So, they could raise the price to make it appear that the listing is not selling for over list, yet the buyer could have the $10,000. rolled into the deal without looking too odd.
If you are interested in this property at the first lower price I am sure the Seller would consider your offer seriously as it is as it is only 6.25% off. I recently had an offer come into my office that was 20% low plus they wanted an additional 6% cash back at closing the seller countered with a couple precent off list plus the 6% but the buyer did not like the house enough to continue.
I wish you well in your quest for good answers & I hope you continue to find concise answers here on Trulia.
Feel free to contact me directly to talk more about maybe seeing this house and making a good offer for you.
Respectfully,
Todd Lands,
REALTOR, Associate Broker, GRI CSP, ABR
734/ Mi.LANDS (734/645-2637)
WHEN YOU THINK OF REAL ESTATE YOU SHOULD ALWAYS THINK OF LANDS!

Thu Jun 4 2009, 05:34
Missy Caulk
Agent
Ann Arbor, MI

The staff added it in correctly, the agent caught it.

Thu Jun 4 2009, 05:02
Maureen Francis,...
Broker
Birmingham, MI

I agree with Kris, either a clerical error or a seller changing his or her mind. I would ask your agent to call the listing agent to find out if it is a home you are considering.

Thu Jun 4 2009, 04:29
Bill Eckler-Flo...
Agent
Venice, FL

Paul,

With a change so soon after being initially listed, one would assume its original price was entered in error.

If you were by chance interested at $150,000, we would recommend continuing to pursue the property relative to the original price....you never know!

Good luck

Thu Jun 4 2009, 04:27
Kris Wales
Agent
48315
FIRST ANSWER

Sometimes clerical mistakes are made, or the seller decided to up the price.

Human beings - human mistakes :-)

Web Reference: http://macombhomes.com
Thu Jun 4 2009, 04:26

Didn’t find what you were looking for? Ask a question!

Search Advice & Opinions

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 263
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback