Real estate broker John Spaschak feels vindicated.

$1 for a house? Cheektowaga homeowner hopes small asking price yields big payoff

Earlier this month, he and a partner offered up a three-bedroom ranch house in Cheektowaga, New York, for the low-low price of just $1, determined to prove that a listing price is irrelevant to what a home ultimately sells at.

By Monday night, after going through more than 80 offers that ranged from that $1 to the upper range of neighborhood comparables in the $280,000 range, he and fellow agent Scott Katilus – who own the house on Diane Drive together – had accepted an offer near the top.

And that is exactly where he and other agents had expected it to turn out.

"We got exactly what we expected we would get, and we proved what our whole purpose was, whic

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