Underpriced home in a hot market

My family and I are making a big move. The real estate market there is hot, very hot. Inventory is really low and pretty much every house that we’ve been watching sells in about a week. I think every home is getting multiple offers and is even going for over asking price. I was talking to a real estate agent there who tells me that this particular house was intentionally listed low, and that we should be prepared to offer at least 10% over the asking price if we want to have even a chance.

Can anyone tell me why you would intentionally list a house for less than what it’s worth in this kind of market? I’m worried that she’s telling us this to get us to bid higher.

submitted by /u/lastfirstmiddleone
[link] [comments]

My family and I are making a big move. The real estate market there is hot, very hot. Inventory is really low and pretty much every house that we’ve been watching sells in about a week. I think every home is getting multiple offers and is even going for over asking price. I was talking to a real estate agent there who tells me that this particular house was intentionally listed low, and that we should be prepared to offer at least 10% over the asking price if we want to have even a chance. Can anyone tell me why you would intentionally list a house for less than what it’s worth in this kind of market? I’m worried that she’s telling us this to get us to bid higher. submitted by /u/lastfirstmiddleone [link] [comments]

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