I like Terri's answer. It definitely could be an investment home somone was flipping, They bought low, did some fixing up, and relisted at a higher price......There are definitely some reasons why a home's price can be increased.

Sometimes when a home is relisted the sellers want to try to start again and with a fresh face. Some are investment homes that someone is flipping. Some sellers believe their home to be the best and want the highest price possible. In our market today it is wise to look at the comps in your area and see what the days on the market are. A good Realtor won't be scared to tell a client that they are over pricing their home. Pricing right will sell. A seller has to remember that the buyers set the market. If you want to sell your home price it right if you have time to sit around price it to high. I have seen homes sit on the market for months because of the pricing. But if you price right, even in today's market your home will sell.
I can give you an example: I just recently listed a home, we price it slightly higher than the comparables in the neighborhood, because the home showed well and I put several pictures on the MLS and a Virtual tour, another agent and their buyer saw the pictures made it a must see and put in an offer all within a week. The price is important but so is the fact that the home show well.
One needs to remember in the Warner Robins area our market prices never rose like other markets at a rate of 10% or more a year. Our market has been on average 3 to 5% per year. With the market slowing our market prices have not fallen, we have stayed steady with our homes averaging about the same price as a year ago. On average our homes sell for 96% to 98% of the asking price.(Per MLS Statistics). If you would like a more detailed report feel free to contact me at terrijackson.realtor@gmail.com

I am with Hank on this one. Other are suggesting that the home was underpriced and the listing expired... and then a new agent was hired and their expertise makes the home worth more. I am a top producer and I do not have a magic wand... what I have is the expertise to know what a property is worth.

Buyers dictate value by comparing homes against each other. An agent cannot force a buyer to buy a home that they do not want to buy. An agent can know the inventory and point out why one home is priced higher than another showing value but honestly in a buyers market this strong you have to look the best and be priced the best.

Unless a seller removes their listing because they decide they do not want to sell, a home does not sell for three reasons. It is overpriced, it needs repair or updating, or combination of the two. An expereinced agent has the knowledge to communicate where a home needs to be priced and what updates or repairs need to take place to keep the listing from not selling.

There is a big differnece between the market in Atlanta and Warner Robins. I've seen several homes increase in list price when they change realtors. A Realtors market analysis helps the seller determine the best price for their home and some realtors are doing better than other realtors and bringing in more buyers than others. A Realtor is who is doing really well, bringing in more buyers, understands the market conditions, has more advertising in place, and very positive attitude will most likely recommend top listing price compared to an agent that isn't doing well or not as proficient at doing market analysis may recommend a lower listing price. Advertising and financing sells homes, but price is a large factor. I've seen some realtors go for a lower price right off the bat saying market conditions are bad. I would rather do everything I can to get a high list price sold and then lower the price after trying to sell the home and I definitely don't relist a home without doing a full market analsyis first. Just because one realtor listed the home for a specified price doesn't mean it was the best price.

John - good points but at the end of the day the market dictates value, nothing else. Baring significant improvement and considering this market and this area there is no logical reason to increase the price on a home that fails to sell at a lower price to begin with. My opinion only of course....

Hank

Sometimes a home is listed with one agent and then the home expires or is withdrawn because the seller is not happy with how things are going, and then relists with another agent. The new agent should do a new market analysis and make recommendations to the seller about correct listing price. The new agent might recommend a different price to the seller. The house may have been under priced with the first realtor and correctly priced with the second realtor. I've seen new construction homes be remeasured and a highter square footage on the second measurement shows a higher square footage and the builder raises the price accordingly.

Hi Leslie -

Most likely they are going to try and exploit the "spring" market....that said there is no reason to raise the price of a home when it fails to sell at a lower price. If you're a buyer - make absolutely certain that your agent runs the history of the home.

Hank