Quote:
Originally Posted by Acura604
.... still on the hunt for a townhome..
and i run into this.... someone explain why a realtor would do this?
went to see one listed/priced at $888k. wasn't too bad. saw it on 08/17.
today, i get a notification on my realty app that the same property was relisted at $749k under a different mls number.
i called my realtor to ask whats up - he mentioned they have offers at the higher price.
so... what is up with this? if one of those offers goes through- will that property appear to have sold for much higher than asking? but its under a diff mls number but they can easily edit the offers with that. what would have been the point of doing this?
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Greed, relist to get a bidding war because not enough bids. The offer is probably at or near their original asking right now and they want people to bid recklessly with FOMO.