Updated about 10 years ago on . Most recent reply
How does inventory affect your pricing?
I'm just about done with a fixer upper. The ARV is $134,000. There is only one house in the school district for sale under $150k. It happens to be very comparable to mine, is in the same subdivision, and was listed for $134k. It went under contract in 3 days and will close this month. My question is - how do you think low inventory affects pricing? What about appraisal? I would love to get $139,000 for my house, naturally, but I don't want to get greedy and price myself out of the market. How can I test this?