Has anyone had any experience with this type of pricing? If so, was it good or bad?
Did it increase showings, etc.?

Thanks,
Jackie

i have never personally done it, but i have heard the way it works is this:

"seller will entertain all offers priced between $450,000 - $500,000!"

and the market value should be $475,000, but who the hell in their right mind would offer any higher than $450,000? :rolleyes: it even shows that the seller is so willing, why not offer $440,000? i think all it is made to do is get an offer going so they can go back and forth countering. i dont think it would work as good as it sounds.

Prudential invented this gimmick in the 90's. It was very popular in Florida at the time but haven't heard too much about it 'til now. Seem like a good way to tick a lot of people off, but I would be interested to hear how it's working for those who've tried it.

Yeah, and it worked so well for them they quit using it. :p

I certainly agree with this; I don't see any incentive to offer more than 450K max maybe even less. Depends on your market.

We're in a pretty strong buyer's market in my area and usually are, lots of homes for sale, not that many buyers, so sellers have to get real to get their house sold.