We all get advice from the Butcher, Baker and Candlestick Maker...the nosey neighbor...well meaning relative....everyone is in real estate......or knows more than anyone licensed could ever hope to know. Everyone KNOWS what they want for their home....and we have come to a place most especially in these times of "Thinventory", that is...not only does the market decide....it will "Bid it Up" if the price is lower than "expected."Whether or not it appraises at a MUCH higher price is up to the Buyer's lender if there is one and it is not a cash transaction. In Wisconsin, whether it is cash or not, you can choose to have the offer "Subject to Appraisal" in the offer to purchase. If t
he property does not appraise and the Buyers cannot get financing....that is another "out" for them from the contract if they wish and cannot come to agreement with the Sellers.
Lots of showings doesn't mean the house is priced too low ...it means that there is interest in the house at that price...the showings and response from them will tell you what the market has to say about the price....an Offer....Multiple Offers....OVER asking....Lower offers or no offers at all. The market is the PRICE THERMOMETER....another very technical real estate term brought to you courtesy of Sally K. & David L. Hanson, Broker Associates with Keller Williams honored to be of service for all things real estate in southeastern Wisconsin.