Today I received the following flyer in my letterbox and of course was very interested to know what the property had sold for. I searched online for the original advertisement and found it advertised at “Range $759,000 – $819,000”. This is a most ridiculous practice and if any Agent ever suggests it to you – tell them NO! If you, as a buyer, were confronted with an advertisement like this, where would your first offer lie? At $805,000? No, I didn’t think so. You would treat the lower figure as a price the Sellers MAY accept so you would pitch under that.
Of course that actually happened, with offers starting at around $705,000.00