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Blog entries tagged with "overpriced":
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Okay, so I've been a bit focused on the pricing of property in recent posts. Well, I've got more to consider and how you can possibly help your clients and your efforts...
So, I had to turn down another listing. Sometimes I think that sellers are not getting it, still. Trying to explain to them that they are now competing with REO (Bank Owned Properties) is really challenging. They don't seem to understand the concept that a buyer would rather pay for an … (1 comments)
Last Summer of 2007, I blogged about a listing I had back in 2006. That same house has been on the market a month shy of 2 years. Yes, 2 years! You might be thinking, "There aren't as many buyers in the million dollar price range as there were two years … (10 comments)
I have a client with a newer property in a declining market. The same layout sold two houses away for $969K 10 months ago. We started out at $1,050,000 against my suggestions. We are now at $1,010,000 and we got an offer at in the mid $900K clean, as is, pre approved that … (4 comments)
Proper pricing is always important. Houses new to the market, priced properly combined with an effective marketing campaign will drive the most buyers to view the home in the first 2 to 3 weeks. After that, traffic will significantly decrease. If sellers are not priced properly from the get go, particularly in this … (5 comments)
Well, let's talk about pricing your home. You are ready, you decided, yes I want to sell my home, it could be for a variety of reasons, perhaps you have outgrown your first home, or maybe your children have flown the coop and now you want a cozier place to live, … (3 comments)
We did this evening.
An "expired" is someone who has previously listed a home with a real estate professional without success. There are a number of reasons why the listing contracts expire;
At least it was a happy ending for the buyer of her home who I met the other day. He paid $404,500 including the 5% buyer's fee at the Real Estate Disposition Corporation's last public auction. 
When I go on on one of my marketing presentations the first thing I look for is what the true motivation of the seller is going to be and I do that by asking them this question..."Do you want to sell it or own it?" . As a Realtor® it is my job to try correctly price any … (33 comments)
Maggie Valley, NC closings during 2008 have screeched to almost 50% fewer closings than during the same period of 2007. Average listing and selling prices for the closed transactions are down approximately 27% as compared to the same period of 2007. It appears that pricing of some of the 237 active … (0 comments)
I have had way too much experience with hospitals, with emergency rooms and with intensive care units. Oftentimes I've found that medical professionals don't always "tell it like it is". Maybe they don't always know. But sometimes they do know and just don't want to say. This is true with the word "coma" … (0 comments)
In many areas, such as Florida, California and Seattle, mortages obtained during the height of the sub-prime loan debacle are higher than what the home is currently worth in todays market. So what can be done about it? First of all, there is hope out there for people who are being over-taxed. If you … (4 comments)
Don't Make the Mistake of Overpricing Your Home Pricing matters. When you decide to sell your home, one of the most important decisions you'll make is your initial listing price. Of course, you want to get as much for your home as buyers may be willing to pay. However, when determining … (0 comments)
Yesterday I had a couple who wanted me to show them mobile homes in one of the nicest subdivisions in Zephyrhills, Florida. In this park you own the land. The HOA fees are just $30 per month, yet the park has a huge clubhouse, heated pool, whirlpool spa, covered terrace, … (8 comments)
PriceBeing overpriced is usually the reason a home did not sell, but condition will help determine what the market is willing to pay. Remember that YOU control price. The wrong price attracts the wrong buyers. It creates a bad reputation for the house in the market place and makes properly priced … (0 comments)
I saw this in my local newspaper this morning.
Sellers, please understand that we, real estate agents, don't make a penny unless we sell your property. From the moment a good agents takes your listing that agents starts to spend money marketing your property. Unless we sell your home we will not be able to recoup any of our expenses. … (0 comments)
I had a phone call several months ago from a woman who had a copy of my "Castles(R)" Magazine and she wanted to place an ad in it. I explained to her that I only accepted real estate for sale ads from brokers. She insisted that I sell her an ad...I … (3 comments)
You are a brand new real estate agent...you sport a new brief case from Santa, 500 business cards wih a thousand watt smile and a provisional license for a year. You are ready to take to the open road. Listings, listings, listings...collect 'em, get those sellers signed up pronto. With … (0 comments)
The term ‘brig' entered into the English language to describe a two-masted sailing ship, square rigged. As the U.S. Navy and Coast Guard evolved, the term ‘brig' was used to describe the holding cell on board for drunk and disorderly sailors. Today the ‘brig' refers to a jail on any military … (0 comments)
I found this article in todays newspaper about a recent real estate auction held in Sarasota, FL. When I came across the numbers of the most famous deals I thought my calculator was broken. They sold @ 66% and 54% of the original asking price. Wowww!Well obviously the company had taken the listings at horrible … (4 comments)
As a broker, my goal is to achieve the highest price possible for the sellers whom I represent. When it comes to setting a listing price for sellers of commercial and residential real estate, proper pricing is critical to close the deal successfully and fairly.
PRICE YOUR HOME TO SELL Part 5 of 5BY JOHN OCCHI, HEMET REALTOR®Originally posted to this BLOG
This post started as a comment on Renee Burrows' featured blog, but I had so much more to say that it just seemed natural to start my own post out of it. Thanks Renee for the inspiration...
Last March my husband's friend, M, decided she wanted to sell her house. M paid $185,000 for a huge old handiman special in a town about 45 minutes from Boston because she couldn't afford a house in Boston where she was from. That was 2 years ago. 
Why Isn’t My Property Selling?
There was a great read from the Wall Street Journal on October 5th titled "The Shifting Calculus Of Buying A House". It talks about their predictions of which cities will see a falling market and by how much. The good news, in this article it states that Honolulu Hawaii seems to be fine with … (2 comments)
I ask this of all my listings. I often can sell the home quickly. Why because I do a lot of marketing, but most of all because I work hard with buyers to get them to list at a price that will sell. Even if they must test the high end … (1 comments)
WHAT HOMEBUYERS WANT IN 2006 Sellers facing greater competition in this year’s marketplace will benefit from knowing what buyers want. Buyers want reasonable asking prices. Gone are the days of multiple offers on overpriced homes. Ask your real estate agent for a comparative market analysis for an objective estimate of your … (3 comments)
In our Jacksonville market, we are beginning to get more and more inquiries from FSBOs. The reasons are pretty obvious, I suppose. Even homes listed in the MLS are taking MUCH longer to sell than they were just a few months ago so, without adequate marketing these homes aren't even being … (1 comments)