How do i pick a reserve price for the sale of my house?

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MaggieMoo

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The agent has said one price - how much higher should I go than what the agent suggests? Does having a higher reserve (but reasonable and achievable) distrupt the flow of the auction (as suggested by my agent)? If someone wants the house wont they bid to their highest point regardless of what point the house actually goes 'on the market'?
 
Maggie this isn't a game of see who wins. If they did a proper market anaylsis for you and told you a range, then you need to decide the price and let them tell you what your net proceeds would be from that price. Understand that it's a buyers market and most are out there looking for a deal. So be prepared to be low balled or asked to cover 6% of their down payment and closing costs.
 
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