Why Realtor Underpriced My House Boosted My Wealth
Real-World Examples
Consider the case of a seller in San Francisco who listed their property at 10% below the market value. The result was a flurry of activity, with over 20 potential buyers showing interest. This led to a bidding war, and the home eventually sold for 15% above the original market value3.
Similarly, in Toronto's competitive market, underpricing has become a common tactic. Homes listed below their appraised value often receive multiple offers within days, driving up the final sale price significantly4.