They over-price out west, too

From Tucson comes this tale of stupidity. The blogger is too kind to mention names and addresses but out here in Greenwich, dumb sellers aren’t so lucky.

how not to inspire confidence in your listing

Start out by listing it way high, let’s say, $1,750,000
then drop the price to $1,455,000, and keep dropping it to $1,355,000, $1,295,000, $1,249,000, $1,195,000, $1,145,000, $1,095,000, $999,000, $950,000, $925,000, $900,000, $950,000, $900,000 and then to $850,000, for now. I bet they’ll get it right eventually.

OK, the pricing strategy didn’t work, so how ’bout this,
OWNER FINANCING/LEASE PURCHASE AVAILABLE. EASY TERMS, ANY CREDIT! INSTANT EQUITY! CALL WITH CREATIVE OPTIONS OR OFFERS!OWNER-AGENT.

Yep! It’s an Owner-Agent. (see, we’re not all perfect)
Nope, I can’t give out the address, MLS #, etc, but this is for real and I’ve probably said enough.

1 Comment

Filed under pricing, Real estate agents

One response to “They over-price out west, too

  1. stupid written on forehead

    Last night I met some people in a Diner who offerred me their one acre 4 bed home off Parsonage for somewhere in the 2’s. I stopped listening at that point. They said it was a good investment because Greenwich property never goes down just flattens! When I first came to Greenwich, someone offered me their home on Lake for 8 million. Why is it that I look like I have a spare 2(8) million to throw into this stable flat Greenwich market? Can I get the latter now for the former price? Do I look rich or just stupid? Should I rush to claim the ‘bargain’! Please advise.