Lows Price w/no wiggle room VS high price w/wiggle room

**Dr. Jim** · 01-21-2008, 09:21 AM

Greetings all,

In short,....we, like many these days are selling our home in a very rough market.
We have no no equity in it yet, and are relocating due to family issues.

We know we will be writing a hefty check at closing, but my question is:

Should we price the home at the absolute minimum we can afford? Thereby leaving no wiggle room? But yet having a low price?

OR

Should we price the home higher, allowing for 'wiggle room'?

We must get at least $312K for the home. Without going into CMA and all that here on the forum,....we can list at $324,900 and negotiate down or take a lower offer,......OR if we list at $312K, then we cannot go lower.

Is the lower price a better way to get the buyers in/offers?

Any thoughts?

**krolfe** · 01-21-2008, 09:28 AM

This would depend on your market, so the best advice would be to consult a professional in your area. If you're in a buyers market, which most of us are, then you are probably not going to get full asking price. At the same time, if you are one of the higher priced houses in your area it may be tough to even get an offer. I would definitely talk to a professional in your area, but based on the information given I would probably go somewhere in the middle. Hope this helps and Good Luck!

**jcboy460** · 01-22-2008, 12:30 PM

I have lost two deals in the last two weeks because the seller would not budge on their asking price. You know what? They were both under contract less than a week later. Not saying that will work for you but I am recommending that my sellers price low right now. You will get more activity from buyers that way. Good luck.