Special offer

Last Week's Price Reduction is This Week's Under Contract

By
Real Estate Agent with RE/MAX Coastal Properties BROK.995683208

Doug Rogers Bayou Properties Realty

 They didn't want to do it at first. "We shouldn't give our house away. Can't we float this price a few more weeks"? After a month on the market the showings had come to a stop. Those initial sign calls from curious prospects ended weeks earlier.

 The market had rejected my seller's starting price. No amount of clever advertising in the world will over come a high price. After an examination of the recent solds, I recommended a price reduction. Not "giving the house away", but aligning the price more with market demand.

 The offer was only a few short days behind the reduction. Did I mention it was full price? My seller's "big" problem now if finding a place to live in the next 40 days. And that's a good problem to have!

Doug Rogers Bayou Properties Realty

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Searching for a Top real estate agent in Destin Florida ? Need help selling your Emerald Cost home? Either way call Doug today!

Doug Rogers

Real Estate Agent 

RE/MAX Coastal Properties 

Destin Florida 32541

 

 

(318) 613-1994

 Equal opportunity housing. Doug Rogers is a licensed real estate professional in Florida and Louisiana. Each office independently owned and operated

 

 

 

Marianne Grant, Realtor
Jack White Real Estate - Anchorage, AK
CRS 907-529-6602

Congratulations, Doug. How much did the sellers reduce the asking price? That reduction spread is quite important to get right to place a house back into the market.

Apr 16, 2012 12:17 PM
Doug Rogers
RE/MAX Coastal Properties - Destin, FL
Your Real Estate Resource!

Just under 6k. Sometimes that's all it takes!

Apr 16, 2012 12:27 PM
Anonymous
EliMagids

Thank Goodness it sold before a competing home,better priced home sold. often an overpriced home leads to the sale of a neighboring home.

  Http://EliMagids.com

Apr 16, 2012 12:27 PM
#3
Doug Rogers
RE/MAX Coastal Properties - Destin, FL
Your Real Estate Resource!

Eli-- I've seen that happen more than once

Apr 16, 2012 12:28 PM
Marilyn Boudreaux
Marilyn Boudreaux, Century 21 Bono Realty - Lake Charles, LA
Lake Charles LA Century 21 Realtor

yep just had this happen with a listing, reduced the price last week, had 3 more showings and just turned in an Under Contract just 60 days on the market but it took the 3rd price reduction to seal the deal

Apr 16, 2012 02:04 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

And we know why that happens.  The price dropped below the top of someone's search criteria and wham.  Congratulations, Doug.  You are now your sellers' hero.

Apr 16, 2012 03:04 PM
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

A very good problem, indeed. Congrats on the sell! It looks like a gorgeous home, too.

Gretchen

Apr 17, 2012 09:56 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Many sellers just don't want to believe that the market has fallen as much as it has.

Apr 17, 2012 11:14 AM
Doug Rogers
RE/MAX Coastal Properties - Destin, FL
Your Real Estate Resource!

Gretchen--It had amazing curb appeal, just needed a price adjustment.

William--Very true!

Apr 17, 2012 11:50 AM