Pizza and Property Weekly Slice 58 Asking Price $700k Sold $1.2m WTF is going on? With Terry Reese & Todd Sloan
Does this story sound familiar? You wake up one morning and find the perfect property online - asking price $700K. You can't believe such a home could sell for this price in your area. You know the market is booming, so maybe it will go a little bit above the asking price, only to find out on auction day it sells for HALF A MILLION DOLLARS over the advertised price. What the hell is going on? It's not a certainty, but more than likely you've just been bait-priced.
This episode we talk about
-what is bait pricing
-why some agents even do it
-how to spot it
Due to popular demand/1 review on itunes ;) we've made this episode with a twist and brought back big Terry Reese to interview Todd Sloan as a sales agent to find out the answer to these questions and more.
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