Hot Market and Listing Tactics Make Identifying Home Values Difficult
Pro Builder
SEPTEMBER 7, 2021
Brokers in the Bay Area have a tactic: they underprice homes to draw in as many offers as possible, often resulting in homes selling for well over asking. Roughly 80% of homes in Berkeley have sold for more than asking price and it’s the most overbid metro in the country with homes selling for an average 19% over asking.
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