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Updated over 7 years ago on . Most recent reply

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Frank Hennings
  • South Portland, ME
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How do you feel about gimmicky asking prices? $345,678.00

Frank Hennings
  • South Portland, ME
Posted

The market is competitive for buyers in segments of Southern Maine and the asking price has been more of a suggestion than a hard value to defend on my seller's behalf.  Offers are coming in above asking to compete and small alterations in the price seem inconsequential.  

What are your thoughts on the best advertised price?  Does a gimmicky price lose credibility or act as an attention-getter?

Should it be $345,000 : $344,999 : $345,678 : $345,101 : $345,500

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Russ Draper
  • Investor
  • Boston, MA
147
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398
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Russ Draper
  • Investor
  • Boston, MA
Replied

I feel the best price is one that fits in the default search parameters on search engines.  For example I think there is a common search limit of $225k, so I won't price a home at $230k I will drop it to $224,900 or similar so that I don't miss out on buyers.  The oddball pricing I think is supposed to make the buyer think there is a reason for that price so they won't negotiate as much.

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