A realtor related to us about how one couple intentionally underpriced their house by $100K to create "buzz". It worked and they had multiple offers immediately. The resulting bidding war drove the price back up to approximately what the perceived fair market value was. Seems kind of risky to me, but perhaps sometimes it takes out of the box thinking.
We had an interesting thing happen to us. Just yesterday we told an agent that we planned to list with him, but wanted to do some additional things to get the house ready to actually go on the market. Today, even before signing the listing agreement, he called me at work to say that another agent in his office has been working with a couple who are anxious to buy a house in our price bracket and would it be OK to show the house to the agent in 20 minutes! I hurried home and picked up as best as I could in 10 minutes and then let them in to see the house. The good news is that she thought her client would be interested, but the bad news is that now our timeframe to get it ready to show to a potential buyer is just that much more compressed. The other bad news is that we were hoping to be able to stay in the house through the holidays. If this works out with these buyers, that could be a problem.
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