Austin: Getting conflicting advice about pricing from realtors

I requested offers from all of the iBuyers to see how they came in, and the range has been >20% of the bottom range of the home value…crazy.

Some of them also seem to have distributed my contact info and I have a deluge of realtors pitching me on letting them sell my house. Some of these realtors are recommending listing in the 2nd quartile of the estimated range for my house, which is my inclination as I’ve always read it’s better to come in on the low side than the high side and let people bid it up.

Most of them are actually recommending pricing it near the max of what they estimate my house is worth (probably actually slightly higher than my own estimation) . I’ve heard a couple of different justifications for this, and the best one seems to be that in a declining market it’s better to ask for what you want than prove your house is worth less than you want. “You can always lower the price, but raising it drives away buyers,” the realtor said…How legit is this pricing strategy? Seems like a good way to have it sit and eventually have to pull it and just hold it, which I can afford to do thanks to the Fed and my amazing interest rate.

submitted by /u/TheESportsGuy
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I requested offers from all of the iBuyers to see how they came in, and the range has been >20% of the bottom range of the home value…crazy. Some of them also seem to have distributed my contact info and I have a deluge of realtors pitching me on letting them sell my house. Some of these realtors are recommending listing in the 2nd quartile of the estimated range for my house, which is my inclination as I’ve always read it’s better to come in on the low side than the high side and let people bid it up. Most of them are actually recommending pricing it near the max of what they estimate my house is worth (probably actually slightly higher than my own estimation) . I’ve heard a couple of different justifications for this, and the best one seems to be that in a declining market it’s better to ask for what you want than prove your house is worth less than you want. “You can always lower the price, but raising it drives away buyers,” the realtor said…How legit is this pricing strategy? Seems like a good way to have it sit and eventually have to pull it and just hold it, which I can afford to do thanks to the Fed and my amazing interest rate. submitted by /u/TheESportsGuy [link] [comments]

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