In the real-estate brokerage field, they’re known as “setups” or “pinball” homes, and this spring’s improving conditions in some markets could be stimulating more of them.
A setup or pinball property is a house listed with an unrealistically high asking price that pulls in lots of visits by agents and shoppers, but no offers.
The problem is this: Real-estate agents, including even the listing agent, are using the overpriced house as a negative example to sell similar homes nearby that carry lower prices.
Real Estate Broker
PRC License #: 0007396
Please call: 926-74-20
Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board