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Blog entries tagged with "home pricing":
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28-06-08-01
This
blog
is a follow-up to my last post. As I’m NOT from Toronto and I
am spouting about
their great economy, I thought that it would be appropriate to see how
their
market really is so I went ahead and did a little research. This is
what I’ve … (0 comments)
Zillow is a great place for consumers who are looking to find a home, especially in the beginning of their searches. It allows them to find out information about homes and a puts range pricing at their finger tips. It is an important key to the consumers search, since 80% of … (1 comments)
To a 9-1-1 operator answering your phone call, the first thing they ask you is "what is your emergency?" In today's real estate market many owners wait too long to call for a qualified professional like a REALTOR to assist with the sale of their home. We know this is true … (25 comments)
Had Hamlet been around today and worked in real estate, he may have said something like, "To price high, or not to price high, that is the question. Whether 'tis nobler in in the mind to suffer the slings and arrows of outrageous real estate prices..." Okay, so that might … (0 comments)
How many hours have you spent pouring over real estate magazines, looking at the prices and features, to come up with a price to sell your own home for?
Selling Your Cape Coral
Home in Today’s
Market!
It looks like homes in Cape Coral, Florida are selling again! You can sell
your Cape Coral if you follow these 3 steps.
Investment in a home is as much emotional as it is financial and most property owners want and or need the highest and best price, when the time comes to sell. Ironically the single most common reason sellers end up settling for less, then the highest and best price, is because … (0 comments)
Talk about building up inventory. I'm taking listings like crazy. And, yes, I am turning them down, too. If a homeowner is not realistic about the price, I won't take the listing. There is NO MONEY in over-priced listings. Only grief. For real estate agents AND for homeowners.I've heard agents say, "I'll … (6 comments)
For several months now you have heard me mention again and again how many home sellers were asking for more money per square foot than the developers were. It made little sense to me that a buyer would pay $134/sq ft when a developer would sell them a brand new … (0 comments)
As you may be aware, on Wednesday President Bush signed the Stimulus Bill; besides the tax benefit of this bill, there is also the portion that is designed to jump-start the housing market as well as ward off a recession. 
Home Pricing Guide
I am a RE/MAX Associate Broker/Attorney selling homes in the North Woodward Area of Oakland County in Southeast Michigan. Unfortunatley, our market has been declining over the last several years. Approximately nine months ago, I had a listing appointment with a couple in Troy, Michigan who needed to sell their home due … (6 comments)
The down real estate market brings new cautions to brokers. I am an associate broker at an office in Westchester County, New York. Our office manager is always reminding us of what a litigious society we live-in. She is, of course, correct. Before I ever accept a bid from a buyer client, they … (4 comments)
2007 is on pace to show a 1.15% increase in average sales price nationally!It remains a constant, over time the value of your home will increase. Year ...........Homes Sold........Avg. Price2004...........6.7 million.........$195,4002005..........7.0 million..........$219,6002006..........6.4 million..........$221,900 2007(est)...5.5 million..........$224,500What are your long term Real Estate Goals? Call me and let's discuss them.I AM AT YOUR SERVICE! Ron Stead Call … (0 comments)
It is imperative to know the absorption rate in your local market to help you, the Realtor, price homes for your client. Clients may want to know, for example, that if 200 houses were listed last month and 100 sold, then the absorption rate is 50% for that month. It is … (2 comments)
Can someone please ring the real estate closing bell...At the very least, a bad day on Wall Street has a definitive end; the sound of the closing bell. After a full day watching the stock market drop, we take comfort in knowing tomorrow it may rally back. When can we expect someone … (5 comments)
Trying to slap a price tag on a home is one of the hardest things an agent can do. Well, sometimes it’s a no-brainer, but in non-conforming neighborhoods where the home next door can be worth $500,000 more or $500,000 less, it takes a special guess, coupled with stats and a … (8 comments)
I was at a real estate conference Wednesday put on by Howard Brinton’s Starpower group (www.GoStarPower.com) with a lot of top agents from around the country in places that have been experiencing a changing or “correcting” market for a lot longer than we have in the Washington, DC area.
We are all familiar with the MLS as a listing mechanism and as a pricing mechanism for our market analysis. The internet is wonderful for collecting and reporting information to us almost instantly.....but not exactly with home prices.There are new pricing mechanisms out there besides the MLS that we should know … (2 comments)
I wondered if it make sense when pricing a house to take into account the parameters used on most real estate search sites and MLS. would property priced at $299,995 get seen by more Web shoppers and Buyers than one priced at $300,000? what do you think?CONTACT ME for assistance with RICHMOND REAL ESTATEMohamed Mekhimar … (5 comments)
In today's market, the key for sellers is to price their home 'at market' or even slightly below. You need to remember that buyers today are taking on the risk of a slowing market in their offering price.If your home is not selling, you might wonder how long you should wait … (0 comments)
Pricing as Much Art as Science
The market has changed. Has your strategy for pricing listings changed? Does it even need to? I have devised a simple formula, and I want to run it up the flagpole of the blog zone here at Active Rain. I'm also interested to see what other agents have put together as … (2 comments)
… (0 comments)
I have an answer of my own for my title question, but I would also like to find out other opinions. I know that when I market a listing, I can get it out to probably 90-95% of prospective buyers. So with the same number of potential buyers seeing my listings, what … (6 comments)
photo by LindeLou I always suggest to my clients that if there is a reasonable item to be repaired or replaced, that they would do well to consider doing that before the home is listed or MLS photos are taken. Many Realtors suggest offering an allowance to replace worn, outdated, and/or … (17 comments)
I was talking with a potential home seller the other day and it was just a casual conversation about the current state of the market in the area of South Orange County, California. They were considering listing their home but did have some reservations. They had met with several agents and … (11 comments)
PRICING YOUR HOME TO SELL NOWA Homeowner's Guide to Selling a Home for the MostMoney Within the Shortest TimeBy Bill Cherry, Realtor-BrokerMy 43rd Year Selling Texas972 380-7347www.billcherrybroker.comSelecting a Real Estate AgentIt is always important that you select the agent who will represent you based on his competence. Consider the number of … (4 comments)
With the increasing inventory of houses in some real estate markets, many home sellers are relying on a property appraisal in order to get an independent, unbiased opinion on the value of their home and as an indicator of any potential negatives that may need to be addressed before putting … (0 comments)
My girlfriend and I just got an offer on a home that she owns that was $18,000 less than what we had "sold" it for last August to a buyer who wasn't able to get a security clearance for her new job and that killed the deal. I also have a … (7 comments)
Yolo County real estate market is improving. Despite the negative media, Buyers are realizing that it is a great time to purchase a home or a country property. There was talk today that interest rates may fall again. What a wonderful time for Buyers to make their dreams come true. Soften … (0 comments)
I was doing another blog
and it really came to me that there is such a tremendous disconnect from the
home seller’s needs and wants, and what they are willing to do for you as
their listing agent. On any given
listing presentation the torture goes on and on.
It is … (11 comments)
Many agents price their homes at 299,000 or 299,999I think this is a mistake because ... think about how users on the internet or how agents search. They search ranges of $250,000-$350,000 or $200,000-$300,000 or $300,000-$500,000When was the last time you search $200,000 - $299,000 ???? Agent and consumers search $200,000-$300,000 and $300,000-$400,000So if … (8 comments)
Pricing a home is the most important factor in getting it sold quickly. It has been said that 90% of marketing a home for sale is price. Knowing how much your seller's home is worth is a key essential which can save you time on the market and advertising expenses. By … (5 comments)
This is one of the biggest obstacles to selling real estate in a timely manner. Too often a home seller will place emotion ahead of logic in determining the selling price of a home. Perhaps the prospective seller has the impression that the market is ripe in their area or that … (0 comments)
IT'S MAGIC! THE INCREDIBLE INVISIBLE HOME!"MY HOME IS NOT GETTING ANY SHOWINGS!"Your home has been on the market for three months. Not a single visitor has come to view it. You really want to sell your home but don't really "need" to. You have given the home curb appeal. You have … (4 comments)
Prices in our market have come down quite a bit over the last 18 months with prices where they were in early 2005, but getting everyone on the same page is still very difficult.In order to get any showings on listings, homes have to be priced at rock bottom and getting sellers … (5 comments)
Pricing a home correctly is crucial in all markets, especially in a down turn market like now. Many agents will tell you, "days on the market in my area is almost 6 months". Very true, but how long is the days on the market for SOLD properties? In most markets it is still … (0 comments)
When it comes to evaluating a property and pricing a home properly how often do you look at how your seller will be positioned for competitive properties? I've been guilty of this myself, pricing properties in the vicinity of others. In today's market it's not enough to look at the comparables … (7 comments)
I was reading another blog post on here about the 800k homes in the Chicago area. This got me thinking about home pricing in general throughout the nation.So what does 200k get you in your hometown? Here in Indianapolis, I can get a basic 4 bedroom 2 bath 2000 sq.ft. home … (2 comments)
HOMESELLERS: How to Get the Price You Want (and Need)When you decide to sell your home, setting your asking price is one of the most important decisions you will ever make. Depending on how a buyer finds your home, price is often the first thing he or she sees, and many … (1 comments)
Real estate pricing has become a minefield, particularly for homebuyers and homesellers in volatile markets such as California, Nevada, Arizona and other former hot spots. As real estate markets shift, the old comparable sales model for offers and pricing may no longer be quite so valid--and could in fact be dangerous. If … (6 comments)
Over the last ten plus years the real estate industry and society in general have changed dramatically. One of the biggest factors on how we have changed is the variety of new technologies that are available to us now. In real estate the the MLS system used to be a set … (0 comments)