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Myrtle Beach Real Estate Talk ~ Pricing Right ~ Reducing on schedule

The last thing you want is an overpriced listing. The first thing I do when doing a CMA is do a drive by the day before. I take an outside picture and go to work. I compare up to the last 6 months of sales~ even the FSBO solds! How about that.I then bring you a CMA and give a reasoning for my price. I then look at your property and decide the ups and downs about the property. I will ask you what you think your home is worth before I give my figures though. I bring a net sheet with different commission rates and sales prices. I also never promise~ I perform.

EXAMPLE: I listed a Townhouse recently @ $154,900~ sight unseen~MISTAKE ~ Finally got in and called seller and asked for a major reduction, because last comp was immaculate~ This one was very very outdated!

I did advertise it extensively and got an offer, but not near asking price!

I advised seller what to counter at~ he still cover-countered. Offer died!

About 1 month later that same agent called and asked if unit was still on market~ I said yes~ He said can we make an offer of $140K~ I said go ahead~ Long story short~ This is where I wanted seller to be in 1st place!

Seller bought more units and now has all ears open~ Says he will consult me from now on! He is an appraiser in another state and wife is a Realtor in that same state. I could never price out of my market!

Feel free to contact me via email info@myrtlebeachhomeandloan.com

Chris Webster

Century 21 The Beach Company

440 Hwy 90 East

Suite 1

Little River,SC 29566

Cell Phone: (843) 450-1915

Posted by Chris Webster ~ Myrtle Beach Real Estate Myrtle Beach Foreclosures and Short Sale on 12/28/2007 10:28 PM

Comments (2)

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This post has been included in South Carolina Information Horry County, SC Information Little River, SC Information

2 Comments on Myrtle Beach Real Estate Talk ~ Pricing Right ~ Reducing on schedule

I'm sure it ain't easy coming up with the list price. It's probably even harder to get the seller to agree with you so that the listing is not overpriced and sets on the market for a long time so that you end up having to reduce to what you told them anyway.

Glad to hear you got a plan to deal with it. I'm sure others can learn from it also.

12/28/2007 10:34 PM

by Erby Crofutt, Central Kentucky Home Inspector (B4U Close Home Inspections & Radon Testing)

Thank you for your comment. I'm very good at getting most sellers to listen. I do my homework so the listing does not sit on market forever.

12/28/2007 11:10 PM

by Chris Webster ~ Myrtle Beach Real Estate Myrtle Beach Foreclosures and Short Sale (Century 21 The Beach Company)

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