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?
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!
The staff added it in correctly, the agent caught it.
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.
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
Sometimes clerical mistakes are made, or the seller decided to up the price.
Human beings - human mistakes :-)
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