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Will Your Regina Home Be Waiting In Line To Sell?

By
Real Estate Agent with Rock Bridge Realty

Don't you hate it when people cut in line?  Not only is it very annoying, it makes you wait longer to take care of your business or to get to where you're going next. Homes for sale are in a competitive line, with the home offering the best value in its category selling first – a price-to-value position, so to speak.

In theory, a home further back in the line (third or fourth position) would eventually sell, once the better valued homes (first and second place) have sold.   Unfortunately, this is not the case.  New listings are continually entering the market and cutting in line.  This causes the inferiorly priced homes (third or fourth place) to stay behind in line, never actually selling - unless they improve their price-to-value position.

Therefore, in order to price a home so that it will sell, it's very important to consider your position relative to other homes on the market. I call it strategic pricing. This is another example of the importance of having a knowledgeable realtor in your corner! A realtor has access to market information that you don’t. A realtor will be able to see the overall picture in your area, and determine a price that is commensurate with the prices brought recently by comparable homes in that area.   A realtor can look at your home much more objectively than you, and recommend the best price point for you to place it. After touring your home, a realtor can also make suggestions (if necessary) regarding things you can do to improve the salability of the property. You would be amazed at the big difference in value a few relatively inexpensive fixes can make!

Want to know how to get out of line in a reasonable amount of time?  Shoot me an email or just call.

Happy Selling! :)

If you have your own questions about buying or selling properties in Regina, give me, Clair Whittington, a call, and I’ll help you get focused on buying your next Regina home.

 

Comments (1)

MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

That is a solid point you make that too many Sellers ignore at their peril.

I just subscribed to your blog as I am growing my North American and international referral base. I specialize in Silicon Valley, specifically San Jose, Saratoga and Cupertino, Calif. (home of Apple Computer). You are one of the first ActiveRain bloggers I subscribed to in your area. I hope we can help each other grow our real estate businesses in 2012 and beyond. You can read my blog at www.activerain.com/results.

Feb 22, 2012 12:20 PM