Is it risky to 'underprice' a house?
In today's market, does it make any sense at all to underprice a home? Will it cause a flurry of showings, a buzz as realtors find out the great bargain available and hustle their buyers to see it quickly, as it won't last long? Will it create a bidding war as buyers bid it up over asking?
Or are offers over asking price a thing of the past? Will underpricing it just increase the probability that it will sell quickly for full asking price?