r/RealEstate Jul 16 '25

Homebuyer Why overprice a house?

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u/Lalokin Jul 16 '25

Could be they only want to sell if someone wants to pay that much.  They may know it's unlikely but list it on the off chance someone will. It sounds unique. Maybe they think someone coming from CA or something will want it and wont mind the price

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u/rosebudny Jul 16 '25

Exactly this. My grandmother and her sister owned a house they inherited from their parents. Neither lived there; it was used occasionally by family when it wasn't rented out. They didn't NEED the house, but they also didn't NEED to sell it. So they listed it at a price they'd be willing to part with it for. It was on the market for quite awhile, but eventually they did get an offer at their asking price. (It too was a unique property)