A while back, Doug Heddings posted about the
Among his points was the point that some agents still, in this new reality, win listing by giving “flattering” prices to the sellers, just to get the listing.
When you know someone else will do it, then why not? After all “Hamptons L:ightening” could strike and someone just might pay more than it worth.
And it will bring buyers who are looking in that price range that you can show other homes to, so the practice is hard to resist for many.
But this is an extreme:
I know these agents and they are all good at what they do…must’ve been a very obstinate seller ;-)