Over and under pricing

Right after brother Gideon opined on the subject on his WGCH radio show this morning (10-11 on Wednesdays, co-host Jonathan Wilcox, available via Alexa), comes news that 556 Riversville Road, listed at $3.295 million, sold in 12 days for $3.705. You can’t underprice a house, but you can certainly overprice it, and get slammed. Back in 2008 this house was grossly overpriced at $5.295 and eventually sold for $3.2.

Don’t do that.