Don't You Think the House is Priced too Low ?

Good morning Sally.

I like may others knew all about the market and pricing.  That is until I went to pre-licensing class.  Interesting on how much I did not know

Good mornng Sally and David. An essential tool in real estate the Price Thermometer. Enjoy your day!

You said it best.  Let the market decide and appraiser bless it.

Lots of showings  doesn't  mean the house is priced too low ...it means that there is interest in the house at that price...the showings and response  from them will tell you what the market has to say about the price

Good morning, Sally K. & David L. Hanson buyers see as much as possible today....there is very little inventory in my marketplace.... but they continue to buy on comparison.... pricing properly is the trump card.

Good morning Sally and David. You certainly made me smile with this very technical post.

Good morning Sally K. & David L. Hanson,

It's up to us to price a home competitively to spark the interest of a buyer. When you have a home that is well presented and priced right let the introduction to the buying public begin!

This is very good reading for prospective home sellers.

Have a very special Thanksgiving week.

Good morning Sally and David.  It does get a bit annoying when everyone has an opinion about the price of a home.  Especially when it's not based on fact but emotion.

Early on I learned that in real estate a home is ultimately worth what a buyer will pay for it... doesn't matter if we think it's too high or too low. The market speaks and it usually speaks loudly and clearly!

It seems that everyone feels like they can do our job better than we can, until they actually have to do it, haha.

Sally, lots of showings in our market says there are few listings to view and good chance the Sellers will see multiple offers.  It also is usually the Sweet Spot price wise.

Sally and David, yep there are a lot of experts out there and second guessing.  But the final expert on the right price for a property is the market, so it is wise to pay close attention to it.

Hello Sally K. & David L. Hanson, my very first real estate instructor said a house is worth as much as a buyer is willing to pay for it and he was right then, still holds true. Today's buyers are savvy and know how much a house is worth, let the professionals guide you.

Good afternoon Sally and David - you said it all.  I really love your coined term The Market is the Price Thermometer.

When I try to explain to sellers that the market will dictate the price, they look at me like I just landed from Mars. Oh, wait, my favorite is, "we need to increase the price because I need to net more."

Sometimes I really wonder why people hire realtors if they aren't going to listen to them in the first place. We get licensed for a reason. Thanks for sharing.