06-06-2024, 07:44 PM
Not necessarily. One of the strategies used is to deliberately underprice a property to create a bidding war. This recently happened in HPP and the accepted offer price was substantially higher than the listing price and it went contingent in just a few days rather than weeks or months if they had listed it at the accepted offer price. It a strategy more commonly used in a sellers market, but it can work in cooler markets too.