The Gold Coast Standard and Darien Real Estate

When is an Asking Price Not What it Seems?…Darien Homes for Sale

Well,when the seller has instructed the agent to remove the house from the market and re-list it with a new, reduced,asking price. The theory here is that new potential, homebuyers will perceive the home as new on the market when really it may have been listed for quite awhile.Second,the new listing will not indicate that the house was listed before at a higher price.Therefore potential buyers will not know how much the house has been reduced. You see deeply discounted homes give the impression that the house is somehow undesirable or that the seller is desperate….so…new listing….new asking price equals clean slate.                                                                                                                                                                                       

Dishonest? Not really.Misleading- certainly.

I’m of course a big proponent of  shopping for a home on the Internet but here’s an example of information only a qualified,experienced and locally knowledgeable agent will know.  You cant usually find property listing history on the Web unless you have access to a local MLS system.

Make sure you have  a good agent before dipping your toe in the real estate water.

This entry was posted on Saturday, August 7th, 2010 at 9:38 pm and is filed under Buyers, Insider Info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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