Forget the price point, it’s the deal-making that is interesting about this case. The sellers of this home just acquired it last week as part of a home swap, and before closing I had arranged for vendors to do a quick tune-up. We hit the ground running, and $10,000 worth of new carpet, paint, and lighting got it ready for market in a week.
It listed for $398,000 on Saturday, and yesterday the model match across the street (listed for $392,000) went pending. It came back on market today, and they raised their price to the range $395,000-$405,000.
What do we do?
Lower our price to $389,000 – we want to be the next one to sell: