Is this a good tactic or just weird?
All right, psychological gut-check time, if you're not tired of my home-selling sagas. :-)
We had a showing a few days ago, potential buyers came back with several detailed questions that indicate serious interest. As you know, we're considering a price nudge. What's the psychology of dropping $10-15K while they're still gathering info?
Our agent also suggested something else that he said worked on him once. His proposal: call the buyer's agent and "let it slip" that in a couple days we'd be reducing the price. That might spur them to get an offer in quickly, the idea being that the price drop might get someone else off the fence so they needed to move quickly.
I am SOOOO not a gimmicky person, and wish the world was just rational. But, recognizing that most of the world is not as left-brained as I am, I'm wondering if there is any value at all to taking that extra step with the advance warning thing.