Special offer
Home > Blogs > David Spencer > David's Blog
bookmark_border

Is your Listing Non Sale Your Fault? It Looks Like it is.

By
Managing Real Estate Broker with Keller Williams Northland

The Pricing of your listing is the means of the success or failure of its ultimate sale  I think this down market is the fault of "greedy agents". How so - If I overprice this listing to get the contract, I will......(not make any income), but will enable the next agent to succeed in properly pricing the property, So Help Me GOD!

Pricing of a property should be achieved on the analysis of the absorption rate:

                      If # of properties entering the market over past 6 months is                              100

                      and closings for the past 6 months is                                                                10

                      Then the probability of selling your home is 10% at market Price over the next 6 months. Can you change this scenario? No, if price is not modified. Pick your time frame, or give me a call.

 

Show All Comments
Matt Kofsky
Transaction Realty 500 Reno, Nv. - Reno, NV
If I tell my client the home is worth $300,000 and he insists on pricing it at $325,000, how does that make me a greedy agent?  My choices are to turn down the listing or hope that I can get them to lower the price or hope that someone falls in love with the house.
Dec 10, 2007 02:38 PM
Rebecca Savitski
BSR Real Estate Group - Cary, NC
NC Real Estate Listings
Pricing is the number 1 key to success but lets be real honest, unless the seller is in a real bind why undersell just to get a quick sale, plus in my market buyers are still wanting to negotiate.
Dec 10, 2007 02:41 PM
Back to Top

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?