Price increase for property sitting on market over 2 weeks

[markdsrill]

@Roy321

Listing agent’s strategy to signal to the outside world that they’re getting lots of offers and a lot higher than asking. The goal is to generate FOMO among the buyers. IMO, in some of the cases the agent might be faking it, i.e. in reality the property might not be getting many offers at the price the sellers are expecting.

Here is one that looks like might have worked.(can be verified once the sales price is available)
https://www.redfin.com/TX/Austin/15223-Cabrillo-Way-78738/home/109920929#Cash 4 House

that’s what i answer. You explain well. Also its human psychology that it act like that.