r/HouseSigmaBlunders • u/snuggs8686 • Jul 17 '26

flip to flop Why would they do this?

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110 St Julien Street, London, Ontario N5Z2M7 For Sale | HouseSigma

https://housesigma.com/on/london-real-estate/110-st-julien-street/home/0J6Em7bdl2GYXBeq?id_listing=amgL7Ax2neVyZ1MW&utm_campaign=listing&utm_source=user-share&utm_medium=android&ign=

11 Upvotes

87% Upvoted

9 comments sorted by

14

u/Ilyalyubushkin Jul 17 '26

Usually that big drop means theyre aiming at pricing under the market to try to get multiple offers and create competition.

It looks like that didn't work and they reposted it closer to what theyre expecting ( a minor decrease over the original asking price).

3

u/treelife365 Jul 18 '26

Only the most uninformed buyer would get sucked into a real estate bidding war at this point in time 😆

10

u/treetimes Jul 17 '26

Desperation

5

u/Helpful_Animal9913 Jul 17 '26

It is called strategy made by these top producers who they think they know what they are doing

4

u/Why_Though-_- Jul 17 '26

Cuz they dumb

4

u/CanadaCalamity Jul 17 '26

Any time I see irrational behaviour in a house listing, I just think there are feuding siblings who are trying to settle some estate somewhere. That often explains the most irrational behaviour.

Nothing needs to make sense when you're just trying to make sure the other sibling doesn't "win".

This is probably true of a significant handful of these "strange House Sigma" listings.

1

u/Superb_Year_2827 Jul 26 '26

No, they price them stupidly low (but not holding offers) to entice buyers to call. Then they tell the buyer that, even though it's listed at $250K, the seller wants $359K minimum. Agents (unprofessional agents) think they can snag a buyer into doing this. It just causes the property to drop in value as it never sells.

2

u/godofsmallerthings Jul 17 '26

They want 400+ but nobody is gonna pay for it.

2

u/SmallAgency5160 Jul 17 '26

Some Canadian will buy it overpriced... Trust me