The Benefit of Raising Prices

Recently I had a seller who wanted to drastically lower the price of their home. We did and we changed the demographic of the people coming to see the property. We began getting very very low offers. So I recommended we bring the price up abit - that worked and better offers followed.

I have another listing that has done some major improvements and we have decided it is time to raise the price. We had been the lowest in the area in price per square foot and found people were looking for the faults in the home which were very minor and very few. I suspect by raising the price we will be reaching a different group of more qualified buyers.