Why would a seller raise the list price of a house that isn't selling? Beállítások

[bining]

Maybe all the experts here can answer a question hubby and I have. In the next year or two we want to buy a new house with acreage near our current metro area so we've been keeping a close eye on listings and sales of country properties in the area.

Our metro area overall is a red hot market (up 15 - 20% in the last 2 years) with a low inventory and most properties within city limits under a certain price range are selling in hours or at most a few days. The country properties in the areas we are interested in are not selling as fast, but are still selling within 1 - 3 weeks if they are well priced. What we have noticed is that many of the rural properties must not be well priced because at least 50 - 70% of them sit on the market for months to years and either don't sell at all or end up finally selling when the price is dropped low enough, which is sometimes $100 - $200k or more less than the original list price.

A particular property we've been watching for awhile has been listed/delisted several times in the last year, never having the price changed. After it was listed for a long time, they delisted and then relisted it adding an additional few acres and a barn for again the same listing price. Since then it has been listed for another at least 8 months without selling. Then last week, they again delisted it, then yesterday relisted with no changes to the property or what is included, but increased the list price by $50k (7% increase). To finally get to our question, why in the world would the sellers increase the list price of the property by $50k if the house wasn't selling when it was $50k cheaper? My gut feeling (and I am not an expert) based on comps that we can find online and other listings in the area is that the house was $50kish over FMV before and after the increase is now $100kish (14%) over FMV.

These are the two theories I have (1) they somehow think the summer market for rural properties is going to be so hot that the market will somehow rise the $100k (14%) it would need to in order to make their house listing price come close to FMV or (2) they've been receiving offers for $50k under listing and think that if they raise the listing price up by $50k that the offers they get will also come up $50k to match the original list price. I'm curious what the experts here think.

[Dominika]

Your interest in investing in Dubai is completely understandable. Dubai offers ample opportunities for investors due to its stable economic development, high quality of life and attractive conditions for foreign investors. If you are looking at projects outside the already well-known complexes, you should pay attention to the new developments in Dubai that are just entering the market. Such projects often have more favorable conditions at the start of sales. I also recommend that you familiarize yourself with the information about the most promising districts and projects of the city.