A couple of weeks back, a new price on
2708 Pacific was intended to generate a bidding war. (See "Get 'Er Done.")
It worked.

Next in line:
637 29th (4br/3ba, 3350 sq. ft.), a 1970 home that's had some remodeling work done, but still shows its age.
The home's very similar in size to Pacific, though in a superior…
A couple of weeks back, a new price on
2708 Pacific was intended to generate a bidding war. (See "
Get 'Er Done.")
It worked.
Next in line:
637 29th (4br/3ba, 3350 sq. ft.), a 1970 home that's had some remodeling work done, but still shows its age.
The home's very similar in size to Pacific, though in a superior location on one of the sleepy streets north of Valley. Its come-on price is the same as Pacific's:
$1.399m.
The listing confidently predicts a bidding war, calling it the "best Manhattan Beach value" and stating, "multiple offers are expected."
Private notes go a bit further in detailing what's expected:
- No offers accepted till June 13 (this Sunday), also the date of the first open house
- Start with your "highest and best" offer
- Deadline for offers June 19
So they're looking for a one-week-long bidding war.
Do you counter a bunch of "highest and best" offers? Sure, if the war's on. Why not?
Come to think of it, why doesn't every listing just "underprice" and see what happens?
First, let's see how this one pans out.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 21st, 2023 at 11:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.