Real estate fatal pricing mistakes | Misconceptions of Atlanta buyers and sellers in changing real estate market.

Selling a home in Atlanta?  What is the right price to list your home at?  Setting a home's listing price is key to selling in this current real estate market.  You have to choose the right price!  Sometimes it is a catch 22 of trying to educate a seller and a buyer in this current Atlanta real estate market.  What does the agent know about real estate?  Plenty if you'll just listen!

There are a ot of very good deals for both home buyers and home sellers in this Atlanta real estate market if only they listen to the advice of a seasoned professional!  The big mistake Atlanta home sellers make is they want to overprice which is a major mistake.  Theirfatal mistake is that they assume they will get low offers, so they pad the price of their home thinking they can negotiate to the price they really want!  Boy are they wrong! Pricing the home to market is the best strategy!  A wrong hunch can make their opportunity slip by when they wait for that perfect buyer!  But what about the buyer?  They think real estate prices are going to fall.  That is the buyers fatal mistake!  Overpriced homes may come down in price, but they were priced incorrectly!  Good homes that are priced right sell very close to what they list for as long as they are clean, and show well.  The right home in this market is selling for very close to list price, and will close without a lot of seller concessions.

 

6 Comments on Real estate fatal pricing mistakes | Misconceptions of Atlanta buyers and sellers in changing real estate market.

Jim - If sellers would price right from the beginning, buyers would buy and there would not be so much talk about the decline of real estate prices. How simple is that!

07/25/2007 07:16 AM by Indianapolis Real Estate | Paula Henry (ReMax Excel)


I was just on a listing appointment..the person had been with another Realtor®...overpriced by 75K and even if it is priced right...there are still no guarantees. Techniques just to ge the listing comes from desperate new Realtors® trying to get inventory any way they can even it it will never sell. They just tske what the seller wants the price at...won't work in our market now but was a good way to get listings when everything was selling overnight.

07/25/2007 07:49 AM by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)


Price - the #1 factor in selling and buying.  Sometimes "they" just don't get it.  Sellers need to be low enough to tempt the buyers, and vice-versa.  It's never been more important than now to get it right! 

07/25/2007 08:09 AM by Margaret Woda, Maryland REALTOR (RE/MAX VISION)


Paula I fully agree.  We have a number of our listings pending sale, and it is because we price it correctly.  Homes that are priced right are still selling.

Neal correct, but if you price it right, and it is clean and shows well you have a chance!

Margaret they say price accounts for over 92% of all home marketing.

07/25/2007 08:31 AM by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)


Jim, Price is just so important.  Even if the seller comes too later and gets real, it is still much harder than if they just started out with the right price to begin with. 

07/25/2007 09:00 AM by Steve Scheer - Denver Real Estate - Highlands Ranch Real Estate (RE/MAX Masters, Inc.)


Steve I agree.  The right price the first time!  Get out those sharpened pencils and slice the price to the bone! 

07/25/2007 09:19 AM by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)


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Real Estate Agent: Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)
Jim Crawford ~ Atlanta Real Estate-ABR E-PRO
Atlanta, GA
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RE/MAX Greater Atlanta

Office Phone: (770) 238-0122
Cell Phone: (770) 664-9516
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Atlanta real estate broker associate, real estate columnist for www.RealtyTimes.com, real estate speaker. Real estate marketing, Internet marketing for real estate, real estate coaching

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