For Sellers, Staying Mum on Price Can Offer Hidden Advantages

Although it’s often wise to anchor buyers with an ambitious price, the luxury real-estate market suggests times when it may pay to sit tight and wait for an offer.

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Imagine yourself in a dilemma that only a privileged few get to experience: You’ve fallen in love with a dazzling, one-of-a-kind home that’s on the market, but it doesn’t have a listing price. Instead, the seller’s broker is encouraging you to name what you’re willing to pay. An offer well into the millions seems expected,

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