Go Big or Go Home: When It Doesn’t Work
You know what they say, go big or go home. Go with your bold and crazy ideas. Sometimes they’ll work and succeed spectacularly, and other times you’ll have to reassess. We just tried an experiment with our recent house in west Oakland, and it didn’t quite go the way that we wanted it to. We tried listing for a $1 (our goal price is around 510K), but we actually received very few offers, likely because it wasn’t within peoples’ search criteria. After some thought, we hiked the price up to 188K. We had a fabulous response in both cases, but ultimately, no offers were near what we were looking for.
So we tried to go big, but ultimately, it didn’t work out in this case, and we’re pretty sure why. You live, you learn, you adjust your strategy, and you do better next time. Thought I’d share my experience with you all, best of luck in the real estate world!
The house: https://www.redfin.com/CA/Oakland/927-33rd-St-94608/home/1562219