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Updated almost 7 years ago on . Most recent reply

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203
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Pandu Chimata
  • Real Estate Professional
  • Glendora, CA
17
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203
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Strategy around substantially low listing price

Pandu Chimata
  • Real Estate Professional
  • Glendora, CA
Posted

Folks, I saw one house listed at least 30% below the market. I understand sellers list the marker 5 to 10% below the market to get more offers on the table. 

What could be the motive to list the house that low? 

Only to attract more buyers.. is the house substantially in a bad shape? They did not post the inside pictures of the house though they did post the outside pictures. 

Any thoughts?

Most Popular Reply

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17,995
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J Scott
  • Investor
  • Sarasota, FL
17,196
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied
Originally posted by @Pandu Chimata:
They did not post the inside pictures of the house though they did post the outside pictures. 

Any thoughts?

If you haven't seen the interior of the house, why do you believe it's listed below market price?  Perhaps the interior is in really bad shape, and it's listed well above market price?

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