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Buyers typically put an upper limit on their home search in increments of $25,000 or $50,000. If your house is priced at $865,000, shoppers who cut their search at $850,000 may never see your home.
David–Totally agree. It’s always smart to price within $50,000 increments of nearby comps (depending on the price range). Pricing too high will always lead to fewer showings and missed opportunities. As a buyer, it’s never a bad idea to write low on homes that have not received any offers. Sometimes sellers haven’t received correct pricing recommendations from their agent and need to sell.