Stop press: House prices increase

[Stuff It_IHB]

<p>Now I have your attention.</p>

<p>I have noticed that a couple of houses have increased the price of their house and then a couple of weeks later the status has changed to; hold do not show</p>

<p>What trick is the reator trying to play?</p>

 

[awgee_IHB]

<p>Got my attention.</p>

<p>And I do not have a clue. Maybe nirvinerealtor will have an answer.</p>

 

[cran_IHB]

Check zillow and see if the house has been sold. If not, then the owners probably took it off the market thinking that their house it's worth more than they can sell it for )

 

[No_Such_Reality_IHB]

Sounds like the old 100% financing with kick-back trick. Now, where do you get comps and an loan to still make it happen?

 

[nirvinerealtor_IHB]

Stuff It,



By contract, the list price is agreed to by the seller, in writing, unless the agent is acting without seller's knowledge. Quite often, the seller has second thought on the list price and wanting to raise it or reduce it.



Sellers change their minds about selling as much as buyers change their minds about buying. An increase in list price and hold could mean the seller is less and less motivated to sell.



NSR's comment is also one of the many reasons.