Is your listing a pinball?

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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.

Taken from:

http://seattletimes.nwsource.com/html/realestate/2018416243_harney17.html

Posted by:

Jonas Montemayor
Real Estate Broker
PRC License #: 0007396

Please call: 926-74-20

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

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