$775,000 > $765,000 > $758,800 > $758,750 > $758,700 > $750,000 > $751,000 > $750,000 > $750,100 > $750,000 > $738,900 > $738,895 > $725,000
No kidding, those are the actual prices changes an agent made to their listing over 5 months. Of course the owner had to go along with it, but I’ve got a hunch that this ‘strategy’ was the brain-child of the agent. What mere mortal could pull this off with a straight face.
And let’s look at what they’ve accomplished; they’ve managed to waste 5 months on the market and squandered what could have been a reasonably impactful $50,000 price cut, had it been done, let’s say, in two $25,000 cuts.
And if I were a buyer I’d have to ask myself if I really want to get involved with people who are into playing such silly games.
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