Need advice in Laguna Niguel

NEW -> Contingent Buyer Assistance Program
I think it is interesting how agents show a range on listings. Why would anyone offer more than the miminum? The reason that I posed the question is to get IHB's opinion on pricing if I had to buy a house (which I do not).



Hint:

Surf4390 works in commercial construction and a place with a little work doesn't bother me
 
<p>Actually range prices developed years ago when it was hard to comp unique properties. Usually this was in the upper end range when it was hard to judge what the apprasial would come in at.</p>

<p>As areas were built by builders and comparable and exact model matches evolved range pricing became unnecessary. For some reason Prudential instituted it again in the late 80's and even have a formula that sets the upper amount based on the lower amount.</p>

<p>Agents often use it to get a listing by agreeing to the higher price but settings expectations to the seller at the lower price. I believe it is a sign of a lazy or inexperienced agent unless it is a very unique type property. It sets a gap between sellers expectations ( the higher end) and buyers expectations (the lower price) and is way more trouble IMO than it is worth. It is a type of "bait and switch" since it movitates the buyers to start at the lower end but often the seller has no intentions of selling it for that.</p>

<p>I was usually suspect of any listing with a range price and warned my buyers to come in low and hang on for the counter. I would often call and challenge the listing agent if it were a high percentage of spread.</p>

<p>Enjoy!</p>

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"I was usually suspect of any listing with a range price..."





I'm suspect too, because particularly in a tract with multiple identical properties, how hard can it really be to pick a price? Is it just laziness or ignorance? I guess harder now sometimes when nothing is selling...
 
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