Don't Be a Pinball Listing
Q. My home has been for sale by owner for a year with no offers. My neighbor said it's a "pinball" listing. What does this mean?
A. A pinball listing is a home with an unrealistic asking price that stands no chance of selling. Although these listings have showing activity, they are typically shown by agents to compare your home to other similar homes that are priced lower. For example, if your home is listed for $400,000 but is only worth $300,000, agents will show your home first, then show the lower priced homes to educate their buyers about the market. Buyers then see what a better deal they can get by purchasing a competing home. So if your home is a pinball listing, you're basically just helping your competition. Good luck.
Please save the date for our star spangled open house next Saturday, July 6th and Sunday, July 7th from 12-2pm at 2365 Companion Circle West in Waverly Place off Hodges Blvd. All visitors will receive a FREE American flag! Wishing everyone a happy and safe 4th of July.