Lowering then raising the price of your home

If it's in the MLS, it will show price changes, so it will show the old price, the new lower price, and then the newest price which is the same as the old price, and it will show the dates listed.

I can tell you as a recent buyer, I saw several homes do this and that by itself got the house scratched off my list.


If there isn't value at the lower price, how in the world is their value at a higher price?

I actually saw something more odd than that. There was a house listed at 200K, and it was dropped to 190K. Made an appointment for a few days later to go look at it. In the time between then and the appointment, it went up to 240K. I called the listing agent (I wasn't using my own agent) and asked WTF? She said well he's now willing to sell it bond for deed. I said, great, I don't need that, will he sell it at 190K traditional financing? She said no, he wants at least 210K.

Finally there is the house behind/next to me (I'm on a corner lot) which was FSBO and he was asking 245K. Very nice home but overpriced. Had it listed FSBO for months. He was an investor. Then, he decided to list it with a realtor, and set the list price at 260K (i.e. enough to pay the realtor commission). I laughed my butt off. He ended up selling it through the realtor for 238K.

People will most likely come in and offer a "rock bottom price" on your home anyway. If you want to try and move it quickly tell your realtor that you're motivated to sell it and will consider all offers.