List price higher than AVM on comps

[Angie Morrison]

We just received comps back on a brick 6-plex that will be going on the market.  A few of the listings in the area are double the AVM. Why would that be? Is seller just listing it way above market and seeing what will happen? Is it better to list higher or at AVM and hope for offers over asking price? 

[Chris Seveney]

@Angie Morrison

List doesn’t matter it’s all about what properties sell for. A lot of listings now are people just throwing stupid numbers at properties and seeing if they can get someone to bite

[Angie Morrison]

Thanks Chris!