I will select my three "contestants" by virtue of their local reputations, counting substantially on the
We raised our kids here. I don't want an agent taking advantage of our emotions.
In the end, though, skepticism will save us and greed will win the day and our business. We will look at the high estimate as being unrealistic and a way to massage our egos. We've raised our two children in the house and have spent a lot of money and sweat making it comfortable. Real estate agents have radar for that. I don't want to take the chance that an unnaturally high estimate appeals to that side of us. This is, after all, business, and emotion has little place in business.
On the other hand, we will look on the lowest estimate of the three as denying us the few extra dollars we are due (or as a strategy to sell our house for a quick commission). Hey, this is where we raised our kids and spent a lot of sweat equity. How dare they lowball us!
Ultimately, the right price will be the one in the middle, not too hot and not too cold. Like the legendary Price Is Right host, Bob Barker, I will then smile and bestow a nice prize upon the winner.