Price It Right!

Pricing a home properly is one of the most important responsibilities of an agent and you as the homeowner  - especially in a down market in which there is a lot of competition and prices are declining.  It is the listing agents job to provide realistic expectations to you as the seller. Here are some helpful tips:
  • Be hard on the problem (the market) by establishing common objectives for the selling process.
  • Interpret the market so together we can make intelligent decisions. This can be done by discussing graphs, tables, and charts showing the data necessary to determine proper pricing. Some of the graphs we provide include...
    • Active listings vs. sold properties 
    • Average Days on the Market vs. Average Prices
    • Market Activity
    • Consequences of Overpricing
Always price the home ahead of the market. If you're in a high-paced seller's market, price above the current market; if the market is declining, price below the current market rates.  Don't list higher than the last sale. You never want to get caught chasing the market down because at this point you are too late and  most likely your home may sit on the market for a long time and your price will continue to be reduced.
Our job isn't to control the market, it's to interpret it so that you can make an intelligent decision when selling your home.
Call The Romanski Group today to schedule a prelisting interview.  We will provide you with data and important information in pricing your home to sell.
Call (765) 532-6148 or visit us online at www.RomanskiGroup.com! 
 

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Real Estate Agent: Erin Romanski (The Romanski Group/ Keller Williams Realty)
Erin Romanski
Lafayette, IN
More about me…
The Romanski Group/ Keller Williams Realty

Office Phone: (765) 807-7121
Cell Phone: (765) 532-6148
Email Me
Real Estate Information and Statistics for Lafayette and West Lafayette Indiana.

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