Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Absolutely!  Varied results. But if the comps show that the home is worth more, it is in the best interest of the seller to move the price up.  We took over a listing from another agent after the seller terminated the listing with the previous agent.  We did top notch marketing and raised the price.  The home sold immediately.  The other agent had the listing for 8 months with nothing happening.

Aug 11, 2018 12:19 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

In answer to your question Praful Thakkar YES!  I had a house on the market ... got a cash offer ... and after the seller invested almost $5,000 in repairs the buyer WALKED the day before closing.  We raised the price and we got a new offer right away and the buyer had to problem paying the new price!

Aug 11, 2018 12:38 PM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Recently did with 2 commercial properties:
1. New tenants, higher rents, NOI increased, changed cap rate.
2. Previous LA had property underpriced and undermarketed; seller leaving money on the table.

Aug 11, 2018 02:15 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not in the middle of a listing... but I have increased an asking price on a listing where I've been the second or third agent in... and they have always sold.

Aug 11, 2018 01:04 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Not usually but I can think of two examples which both occurred prior to marketing of the properties.


Aug 11, 2018 01:01 PM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker


     Sometimes to roll in the closing costs for FHA or VA low down/no down payment Buyers who didn't have much cash to work with.

    During the Boom (and a few times since) when we got a lot of activity and/or multiple offers.


Aug 11, 2018 12:44 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


Sometimes as Lynnea Miller stated, it works beautifully to sell the property.  I have seen it happen.  A

Aug 11, 2018 12:23 PM
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

We have done this many times over the years when conditions are right and 9 out of 10 times it has been successful. The key is to not be greedy and take every phsycological advantage available in its renaissance.

Aug 11, 2018 04:49 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Yes, when I was the second, third or even fourth agent - absolutely! If the comps are there, you bet!

If you KNOW it's the marketing or prep work that is needed to sell the house and that you can get that price for the seller, then by all means, YES.

Aug 11, 2018 04:04 PM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Yes, depending on the circumstance

Aug 11, 2018 02:11 PM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Not that I can remember.

Aug 11, 2018 01:43 PM
Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes!  If I get into multiple offer situations and the price is over list, I'll raise the list price if it falls out.  Outcome: Sold it again at a higher price... once or twice in multiple offers that drove the price up again!

Aug 11, 2018 01:41 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes, and it worked

Aug 11, 2018 01:28 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Yes when instructed by the client

Aug 11, 2018 01:18 PM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Yes I have & for a variety of reasons. Buyers never like it.

We had to put in a furnace once & the seller wanted to raise the price to at least maybe recover 50% of it. 

Aug 11, 2018 01:16 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I see swings up and down on the same listing quiet often, but i'm not a fan. 

Aug 11, 2018 12:32 PM
John Juarez
The Medford Real Estate Team - Fremont, CA

I don’t believe that I have ever listed a home and subsequently increased the list price on the mls, Praful Thakkar

I have seen others do so. Two instances come to mind:

House listed. Goes into escrow. Falls out of escrow. Price is increased to reflect the offer amount that fell apart and which the seller now thinks is the “true” value. We are supposed to ignore the fact that the first deal failed. I have seen this numerous times

Home listed with offer to be present through a 3rd party auction site. List price is way low since it is the auction starting price and is designed to excite buyers into making bids. No acceptable offers come in. Auction period lapses. List price is increased to reflect a more reasonable market value because house will now be sold in the traditional fashion.

Aug 11, 2018 05:37 PM
Allie Angeloni
Long Realty - Oro Valley, AZ

Yes, I have seen upward Price Adjustments twice Praful Thakkar.  Both times it was because the houses went off of the Market for some renovations, and a month later when completed and back in the Active category, they also went up in price.  The houses were quite different - one had had renters for years, and needed some modernization, while the other was in the $500K range to start with and it went up considerably with the reno. 

Aug 11, 2018 05:09 PM
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Only when there has been a notable major improvement that can be documented. 

Aug 11, 2018 04:44 PM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Yes.  Yes, I have.

Aug 11, 2018 04:15 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Yes, in a crazy sellers market it can happen: when a round of multiple offers came in, we adjusted the list price to the average price they produced. This helped with the appraisal and when the offer fell through on a couple occasions, it set the expectations for the backup offers and new offers. 

Aug 11, 2018 03:49 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

only with new homes.... they're adjusted upward as the market will bear it.... 

Aug 11, 2018 01:32 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I haven't had to, but woud if it made sense. I see a fair number of adjustments upwards in the MLS.

Aug 11, 2018 09:42 PM
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Yes, we do and change the price to be in writing 

Aug 11, 2018 09:16 PM
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Yes, we do. 

As Lyneea said, it depends of the market condition. 


Aug 11, 2018 09:14 PM
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes several times with good reason

Aug 11, 2018 09:05 PM
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Interesting question. Never.

Aug 11, 2018 05:41 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I have not.  I've never had a need to. Amen to that!! 

Aug 11, 2018 04:08 PM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Only on new construction.

Aug 11, 2018 03:49 PM
Roy Kelley
Retired - Gaithersburg, MD

I do not recall one of these situations.

Aug 11, 2018 01:59 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome


Yes, upped price by $25K  on home that was previously listed, for over a year, with 3 other brokers. It sold in a few weeks at the new price.

Aug 11, 2018 10:14 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

If the seller did improvements, or it wasn't price correctly to begin with, an adjustment up or down may be needed.

Aug 11, 2018 07:52 PM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

In our area which often sets the trend for the rest of the US is price it reasonable. That is the secret to get multiple offers and get it sold at 115% of listed price often blows up neighborhood record in a record time. Those expecting to get high list high remaining on the market. After 3 weeks no one even takes notice of the homes.

Aug 11, 2018 07:21 PM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

It can be good strategy.  However not a good sign if the agent miscalculated the value previously. 

The higher price 'story' is modifications were completed, price adjusted.

The reality is the original price, which we all know buyers can see as well as previous purchase price, will skew buyers regarding the amount included in the offer submitted.

Aug 12, 2018 01:22 PM
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

No not that I recall I like to suggest to sellers a competitive price particuarly in a Seller's Market like we have now in N. Virginia making it a great time to list your home for sale and market it so the home owner can leverage the Seller's Market

Aug 16, 2018 08:28 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty


Aug 13, 2018 05:39 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I have not but we have a few agents who practice this often..

Aug 12, 2018 07:12 PM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

I've done it a couple times over the past year. The market in our community is shifting so fast that the CMA could be different a week into a listing. So, I've adjusted to meet the market. 

Aug 12, 2018 06:29 PM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Yes, when it was listed wrong to begin with or the seller decided it was too low.  Also if it falls out of escrow at a higher than list price and the new price makes more sense.

Aug 12, 2018 03:50 PM
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I have not but I can see depending upon the market and under special circumstance it is necessary to do so.

Aug 12, 2018 02:56 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Yes I have.  Varied results.  Sometimes in a changing market and sometimes with upgrades.

Aug 12, 2018 01:01 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel


Aug 12, 2018 09:34 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

at the Sellers request

Aug 12, 2018 09:07 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes whe I was the second agent for a developer of a midrise condominium. None sold before I took over. Sell out in 30 days with aprice increase! Great times!

Aug 12, 2018 06:24 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, on rare occasions.

Aug 12, 2018 06:20 AM
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Yes, after multiple offers, house went for $25k more.  That one TFT'd so when I put it back on the market, I listed it at what it had gone under contract for.  Got that price.

Aug 12, 2018 06:05 AM
Kat Palmiotti
406-270-3667,, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Yes, my clients temporarily took their home off the market, repaired/replaced the front wrap-around porch, put the house back on the market at a higher price, sold almost immediately.

Aug 12, 2018 03:01 AM