"Priced to Sell" home- what does this mean?

Question

A seller listed their house and told us it is "priced to sell"? Is this code for something? Does this mean there is little room to negotiate and they will only take full price?

Answer 1

It means "we want you to believe that this is a really good price."

Whether it really is or not, is up to you to decide.

(I guess you're supposed to believe that all the other houses on the market are "priced to sit here empty for months".)

Answer 2

It’s the listing agent’s way of trying to convince you it’s competitively priced. That doesn’t mean it is by any means.  Have your buyer’s agent get you data on what the home is really worth so you can judge for yourself.  

Answer 3

meaning that they have lowered the price so that the house will sell

Answer 4

I’m pretty sure it means that they feel it's priced at just the right price to sell.  It makes it seem like it's the lowest price you will find for a house like that.  I'd still negotiate.  The worse thing that could happen is they say no to the lower offer.  

Answer 5

This is what a motivated seller says when they want to get rid of the house. You have the upper hand in this situation. You can offer them a contract at an even lower price and have a better chance of "stealing" the house

Answer 6

What they are saying is "We are selling this house cheap!!"

Doesn't mean it is cheap though, they could be trying to put the idea into your head that it is cheap when it's not.

Answer 7

They are implying that they have already discounted the price.

In today's buyer's market, it does not mean that they will not negotiate if they have a decent offer.  

Answer 8

It's code for "we couldn't sell it at the asking price, so we've lowered the price"

Answer 9

It means they are asking a reasonable price. One can always negotiate. What's to lose?

Answer 10

Reasonable sales price and usually the seller needs to sell pretty quickly. Doesn't mean they will not negotiate a lesser amount though.  

Answer 11

Below market value. It's one of those meaningless real estate terms. It's like Kmart saying "great value".

Answer 12

It's an advertising 'gimmick' used to entice buyers of homes into looking at homes that relaters have listed on the market -- homes that THEY are hoping look more expensive to a buyer than the price they are asking.

Answer 13

It generally means that they have investigated what similar homes have sold for, and have reduced their price to the level which they think will best attract a buyer.