Have any of you heard of or use listing price of a property in a range instead of a single number?

http://www.homes101.net/news/n1234/

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Aaron

Minneapolis Real Estate | Twin Cities Real Estate | Edina Realty Agent

Prudential started their value range here in my area and it never took off. I've been told some states/areas still use it, some gave up on it.

If I remember (& I might not), the MLS required the property to be listed at the highest price of the range. That might have prevented some showings on a property that would have accepted a lower price, or should have been listed at a lower price to begin with.

And I still feel it's human nature to want to offer on that lower price of the range, anyway. Maybe it works in the seller's market we've seen over the past few years, but when it's a buyer's market I don't think it's a good idea. And right now in my area there is generally more inventory than buyers.

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Southwest Chicago Suburbs Real Estate is an affordable area with close access to downtown Chicago. Money Magazine says that Orland Park real estate is one of the best places to live in the U.S. Next door you can find Tinley Park homes for sale and get Orland Park amenities at a more affordable price.

Yes, in my area, it's about 50/50. The reason why it's usually done is, let's say that a buyers top range is 500k, there realtor will send them a list of properties up to 500k. Now a seller will put there property on the market for 498-525k to be in that list even though they make take as low as 510. This gets the buyer in there home and excited, and before you know it the buyer might go up to 510k when they thought originally only up to 500k.

Just a note that our MLS shows the range if you put one on there.

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downtown san diego real estate
Freelance Programmer
downtown san diego condos

A price range is a strategy that can be used when sellers want a higher price than what the listing price should be or if there is a lot of personal property with the house, such as a boat or other toys. The only issue is that buyers need to be able to buy these toys with their own money, lenders won't.

This was tried in my area and I wasnt all that impressed.