Members: 102,594 -
3,352 Online Now
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Blog entries tagged with "pricing":
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
© 2007 ActiveRain Corp. All Rights Reserved 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Last night, I was meeting with someone who is considering selling their home.
Good Morning Stagers! I agree with charging what you value your worth to be. I recently placed a comment about staging and Realtors in my area complaining I was too expensive for the area. They were looking at my pricing services and said for a half day of staging I was … (0 comments)
Agents in Santa Barbara could not believe what the sales price of Peregrina was. It was amazing how many agents contacted me after they saw the posted sales price of this home. "If my buyer knew it could sell for that...they would have made an offer" or "why didn't you tell … (1 comments)
Hello world~ This is my first Blog Ever! and what a great place to start.
SHE SAID (Tracy) . . .
HE SAID (Mark) . . .
I see many posts about listing prices and overpriced houses with pricing driven by sellers. It makes me think of the discussions we have in our office about our potential clients. That discussion centers on Price vs Cost. In some industries, this is a common discussion for sales folks.
A few months ago, I reported here that I had two clients who called me asking for advice about their parent's Florida condos. I hooked them up with local Realtors and the news on both counts is sort of good.
Pricing Strategy - Which Do You Subscribe To, If Any, And Why?
Three things sell property in today's market. Marketing, staging, and pricing are the three legs to support a sale. If you really need to sell your property in today's market, CALL ME. Contact: Dwight Puntigan Century 21 Luetkenhaus 410 Crestview Drive O'Fallon, Mo. 63366 636-219-6242 A CMA can be done to … (0 comments)
Yesh - so I am not thrilled with the title of this post, but its what came to mind.
There was a 12.27 acre parcel of land for sale to the southern-most tip of my town, Coal City, IL. Instead of listing with one of the local real estate professionals the sellers opted for a company that sells primarily land and commercial developments. I can dig that...makes enough sense from … (2 comments)
Yes You Can...
In answer to this question, one appraiser I recently spoke with jokingly said, "How about a dart board?" Seriously, though, a lot of people are ready for a dart board. Since the mortgage crisis began last August, every lender in the good ole US of A is sweating bullets over home … (0 comments)
Thanks to Howard J. Turoff, CPA, & Financial Guru
Price, Price, Price
Everyone has heard the old axiom that the three most important things in real estate are location, location and location. From a buyer's perspective that is often true, but for sellers, the location is effectively fixed, so the single most important decision you … (0 comments)
With so many homes that are not priced correctly for this market, I am seeing more and more listings expire on the Outer Banks. If you are searching for a home, it is a great idea to have your REALTOR® check expired listings too because there may be the perfect … (0 comments)
Incorrect Pricing
Most sellers naturally wants to get the most money for his or her property. The most common mistake that causes sellers to get less than they hope for, however, is listing too high. Listings reach the greatest proportion of potential buyers shortly after they reach the market. If … (2 comments)
The Saint Louis Real Estate Market this week continues to show signs of "buyer hesitation" evidenced by a slight increase in active listings with the pending ratio dropping below 14%. 
If there was one cardinal sin in real estate it would be over pricing the property.The days are gone where a home seller could ask the world and receive it.I see this every week in the market place.Home sellers say I can't believe I have had to hire 4 agents and … (0 comments)
Share your knowledge, bridge the gap . . . 
There are numerous reasons a house doesn't sale. Most issues all fall into subcategories under the three main categories of (1) Location (2) Condition (3) Price. (1) You can't change your location unless it is a mobile home. (2) You can improve the condition. You report that it is immaculate (or … (0 comments)
Here in Fairfield County we have sellers and buyers who are waiting to decide what to do in a tricky market. The problem with waiting is essentially these clients are leaving money on the table. Sellers who take too long to properly price their home to begin will find that token … (2 comments)
Our office is using a very fancy real estate software package that compiles all kinds of interesting statistics -- primarily for the purpose of establishing the correct price for a given home in a particular area -- very powerful stuff.
I couldn't help but see what it had to say about … (1 comments)
Properly pricing property has never been more important. In a falling market overpricing could cost a seller 10's of thousands of dollars. Over pricing is potentially more damaging than under pricing.
During every listing there will be the discussion of price. Every Realtor will come prepared with comparable sales reports. The … (3 comments)
It is a buyer's market! Properties are not appreciating at the same rate as they were from 2002 to 2006. Additionally, the pool of buyers has shrunk and at the same time more properties have been added to the market inventory resulting in longer market times for properties to close. Sellers … (9 comments)
Listing tips...
This is really a quick and fun post. I will give you a few tips that help me get listings and you read them use them if you like and put some of your tips in your comments.
We can have some fun and learn a little about … (13 comments)
Pricing is one of the most crucial elements of selling your home. Some call it "positioning" on the market. Where is your house positioned on the shelf next to similarly priced homes? Quite crucial to the time it will stay on the shelf (market) obviously.
This is one of the most … (0 comments)
Now that you have prequalified your short sale listing, your next challenge is to correctly price you listing. The first thing you must do to determine your price is to pull comparables, or "comps." Be sure to search specifically for short sales and REOs, if possible. For example, in the MRMLS, … (17 comments)
Hi All, I want to start by saying Vancouver's real estate market is still strong. Properties are selling and buyers are out there. That said, the places that are selling are priced well. What priced well means is that they are priced at market value. This time last year if you … (0 comments)
For all of the homeowners out there thinking about selling, here is the truth about some common real estate myths. If in doubt about any of this information, contact a Realtor ® and they can tell you more! 
The 3 most important things you can do to get your home sold in today’s market:
Today I took buyers through numerous properties in Suburban Montgomery County, PA. They are keenly interested in 3 of them and will probably purchase one in the next few days.
Acting as their designated agent I began to search for sold comparables so that they can make a bonified offer and … (2 comments)
In a tough market, some sellers believe that changing agents will somehow change the value of a property. It does not. There is only one reason a home does not sell ... PRICE. Several months ago I was on a listing appointment and I showed the seller that in my professional … (3 comments)
These numbers are from June 1st to June 19th and are for all of Springboro. Note how long it has been taking the higher priced homes in Springboro to sell. Homes in the $100,000.00 are selling like hot cakes! These numbers only represent sold properties - I did not include … (0 comments)
Even if you have landscaped your yard, utilized the assistance of a staging professional and offer incredible incentives, a home that is priced too high will not sell. In today's environment, a buyer and his/her agent are fully aware of the prices of comparable homes in the neighborhood, and pricing your … (2 comments)
Oakcreek Subdivision: 9 Active listings, 3 Contracts Pending, 21 homes sold since Jan 1, average days on market for solds 46 days, $206,220 average sales price, 2429 average square footage, $86/Sq Ft sales price.
We will sell your home in 60 days or less or give you 1% at closing (some restrictions apply) To find the … (0 comments)
As an experienced agent with Keller Williams Coastal Realty, Portsmouth, NH I deal with Buyers and Sellers along the Seacoast on a daily basis.
Seven Sure-Fire Ways to Make Your Home Sale Self-Destruct. And How You Can Avoid Them.
So obviously a hot topic of conversation around every outing that my husband and I have been on is, pricing. So to make a really long story short I guess I would like to know what the professionals thought.
Scenario: There is a 3 bedroom 2 bath beautiful home listed for … (3 comments)
Mistake #1 - Incorrect Pricing
It's a tough market out there, especially for seller's who have to sell!
Big Fish
Does
Selling Your Home Feel a Bit Like Fishing for the Big One?
I know that I said active comps shouldn't be used to determine value in one of my previous posts. While that is usually true, active listings can sometimes be even more important than the sold listings. This has been the case in a few of the most recent CMAs I've done … (1 comments)
It's true that the Los Angeles market has slowed down, but with a combination of smart pricing and Staging, your listings will sell.Here's just one of our many recent success stories...Dana Ehrlich, a fabulous Keller Williams agent I work with, had just taken over a very stale listing from another agent. … (3 comments)
Stated Income
In today's market, homes are taking longer to sell. There is a large inventory in all price ranges. Buyers have a much larger selection of homes, from new and resale, to pick from. This is expected to continue through 2008 and into 2009. Also, you have allot of foreclosures and bank owned homes … (3 comments)
In today's market prices are coming down, down, down. I came across this article in December and immediately put it in my listing presentation as I so agreed with it, and felt that I could have written it myself!! It truly says it all even though it was directed to Denver Post Readers, … (1 comments)
It's official, we're not in a seller's market. I wouldn't theoretically define this as a buyer's market. The jury is still out on that; I'm also looking for a viable definition from a reputable source.
We've been spared, here in the lovely Midwest, from diving prices and panicking sellers, and greedy greedy buyers.
Not spared from foreclosures, however, here in Ohio...
There are many reasons for prices to fall. Take, for example, a school district nearby that has a 30 month supply of homes for sale. … (8 comments)
This is a new feature that will be added soon to my Augusta real estate websites. I wanted to take the opportunity to post the link here as it has some great advice on what buyers and sellers can expect out of the local Augusta market right. One key bit of advice that … (0 comments)
This isn't a subject I've done a ton of research into yet...but I might. See, we Minnesotans often "lovingly" refer to summer as Road Construction Season, and my little town of 5,000 is a major player this year! The main drag is getting a massive facelift and is closed literally from … (2 comments)
"Price Reduction" signs are showing up all over the place and I question the ability of a price reduction sign to SELL a property. Price reductions do not seem to make much of a difference in marketing a property. The actual price reduction helps sell the property, but marketing a price … (2 comments)
I read a post by Bryant Tutas "Do you belive in Miracles": (Please forgive me I am not sure how to place a link in a blog yet, but the url is http://activerain.com/blogsview/520881/Do-you-believe-in ) I was just thinking about what I would do in the situation that he describes. In a nut … (2 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)
As the water over on the beach gets warmer and warmer, I keep thinking that we will see more than the trickle of customers who have stopped by the office.
I've been talking with a couple for a few months about listing their historic home in Sanford, FL. The home was purchased at the height of the market in 2005 for $340,000. The value today is between $270,000 to $280,000. Less than what they paid, but more than what they owe.
They want … (27 comments)
There are so many things that go into pricing a property. Location and condition are two things that a Realtor always has to take in consideration plus the absorption rate. The absorption rate determines weather it’s a seller or buyers market. Every time I hear “lets throw it out there … (4 comments)
In my local market we had a rough Fall of 07 and a very slow Spring 08. Many buyers are still holding out, either waiting for the market to "bottom out", or waiting to sell their current home. Many sellers are still thinking they have the last home that will sell … (5 comments)
Or is that FOR SALE sign in your yard just an ornament?
I drive a lot. Most of us do.
On many of the streets I drive down, I will pass the same FOR SALE signs month after month after month.
I think there should be a law against it. Any FOR SALE sign … (15 comments)
I have started to see a trend in our market that is very disturbing! There seems to be agents who are beginning to tell people, what they think they want to hear, instead of the truth! I am talking specifically about listings and pricing! There were always agents who would do … (3 comments)
"Should I pad my listing price so that there is negotiation room?"
When seller's think about the negotiation process, it's natural for them to ask more to settle for their target price. But in reality, a correctly priced home will sell quicker, and possibly for more than an initially overpriced home. … (0 comments)
I almost threw the phone out my car window...I placed a call the other day. It was a social call to another agent. We are friends and I hadn't talked to her in a while. So we're chatting it up and as always our conversation turned to business. Now this agent … (61 comments)
There is not a doubt across the nation, it is a buyers market. Foreclosures are at an all time high and more and more homeowners are trying to find creative ways to make sure they can hold on to there home. But what about homeowners caught in a flaccid market where … (1 comments)
It's been a rather slow winter down here on the Treasure Coast, we had a number of tire kickers, lookie lous and of course the tourists that come through wanting to live in Florida but aren't sure which coast they want to live on. At least we had some folks to … (2 comments)
There seems to be a disconnect between what might be considered a reasonable list price and the price the "new" buyers are offering in the marketplace. Probably, more to the point, there seems to be a disconnect between Realtors doing a little research on homes that match what they're clients … (6 comments)
It has been said that everything in this life has a price. For real estate sales, let's call it the "Right price!" When things are priced correctly, all things are able to be sold. Equilibrium is the point in which the seller agrees to sell and a buyer agrees to buy. … (23 comments)
Bryce Fuller of "The Fuller Force" at RE/MAX North Here! Thanks for checking out the current real estate market conditions in Deerfield, Illinois! I run this analysis each and every month like clockwork and wanted to share it with you. If you have any questions about this, please don't hesitate to … (1 comments)
I met with two prospective clients this week and both were unrealistic about the price. One had to sell because of government liens and the other just made the wrong move when they retired and want to move on. When I first started in this profession, I just wanted to get the … (5 comments)
Pricing, Preparation, and Photos!When I first started selling real estate, many years ago, it was all about location, location, location. Home buyers would drive around through neighborhoods looking for homes that appealed to them. Today the Internet has changed that. According to statistics provided by the National Association of Realtors, today's … (4 comments)
How much is a view worth? Here is an excerpt from a MSN real estate.
Search alaska real estate, anchorage
real estate and find information about Anchorage
Alaska real estate on our web site. … (5 comments)
The business hasn't really "changed". It is still about getting...and getting rid of ...listings. Getting them is easy; and getting them priced right is tough. Looking back at past sales works about as well as driving down the highway with a mud-caked windshield trying to see out only your rear-view mirror!So … (1 comments)
An appropriately timed price adjustment can be the best move to make in many situations. In a declining market you must be both aggressive and cautious.If your price reduction does not "get under the market" then you will find additional reductions necessary as you "chase the market."This is to be avoided … (0 comments)
Not a foreclosure!!! This phrase is now appearing often in agent remarks on listings that are priced well and are not a foreclosure. I think it is helpful to have this in notes. However, I was searching through listings last night and was very amused at how much this phrase is … (8 comments)
There are various reasons why one home may sell over another, including but not limited to: price, condition, timing (a buyer was just waiting for that particular type property to come along). But occassionally a new listing will come on the market that's just absolutely primed and ready to sell fast.There … (6 comments)