Dennis Swartz, ABR, CRB, CRS, GRI, MBA...experience counts! (Rickert Property Management)

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Rainmaker
3,567,575
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

no....that "wild price" still needs to appraise.... we don't test.... it's time consuming and most have a time frame to move...

Mar 01, 2017 05:38 AM
Ambassador
2,711,911
Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9671

I have done it many times, and many times they have sold.

Mar 01, 2017 03:50 AM
Rainmaker
3,380,235
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No

Mar 01, 2017 03:40 AM
Rainmaker
2,175,784
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Not around here!

Mar 01, 2017 03:36 AM
Rainmaker
912,186
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

No, I don't want to play with crazy prices! 

Mar 01, 2017 03:36 AM
Rainmaker
1,058,685
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Not all, depends on the area. But I did listed a very ugly house and my phone calls nonstop. Ugly houses are the most popular in my hood if priced right. 

Mar 01, 2017 11:59 PM
Ambassador
3,220,225
Praful Thakkar
Keller Williams Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Dennis Swartz - wild prices will bring in wild buyers....lol!

Mar 01, 2017 11:30 PM
Ambassador
1,647,633
Fred Griffin
Frederick Griffin, Exclusive Buyer's Broker - Tallahassee, FL
Licensed Florida Real Estate Broker

 Not here.

Mar 01, 2017 05:55 PM
Rainmaker
3,018,230
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have sold seveal in the last 2 years with wild prices.

Mar 01, 2017 05:22 PM
Rainmaker
1,208,225
Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Realty One - Carlsbad, CA
Presence, Persistence & Perseverance

No; we try to keep everyone out of the Stratosphere

Mar 01, 2017 05:10 PM
Rainmaker
2,276,849
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

Not in my market.  Over-priced listings do not sell. Not without price reductions that reduce the price to a realistic price. 

Good listings sell. Crappy listing sell. Everything sells when it is priced right. 

Mar 01, 2017 04:26 PM
Ambassador
2,136,667
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Our market isn't quite that crazy yet. 

Mar 01, 2017 04:17 PM
Ambassador
2,953,937
Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

My market is comprised of mostly government loans so appraisals still matter and buyers rarely pay over the appraised price so pricing correctly matters. Being wild and foolish is not how it is done in our market.

Mar 01, 2017 01:31 PM
Ambassador
2,534,339
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

yeah, no.  The last thing I want is crazy market.

Mar 01, 2017 01:08 PM
Rainmaker
553,634
Thomas J. Nelson, Realtor, CRS
Big Block Realty 858.232.8722 - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

The market never determines the fundamentals.

Like the law of gravity, the law of selling a home is 99% price, 1% marketing.

The answer to your question therefore is NO.

Mar 01, 2017 10:25 AM
Rainmaker
808,430
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Still have to have it appraise, or find someone who will waive the appraisal contingency.

Mar 01, 2017 10:21 AM
Rainmaker
2,045,186
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Still has to meet value for the mortgage company.

 

Mar 01, 2017 10:02 AM
Rainmaker
95,518
Jeanne Feenick
Keller Williams Towne Square Realty - Basking Ridge, NJ
Basking Ridge, Warren, Bridgewater Market Expert

I would not recommend it - the only way to ride the wave is to be property equipped - smart pricing always makes sense!

 

Mar 01, 2017 09:05 AM
Rainer
212,051
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Sure, why not.  Throw it on the wall and see if it sticks. 

Really, that would be a disservice to your clients.  If it sits and does nothing, you've hosed yourself and your client.  Price it right and if there's bigger demand, then you'll get over price offers.

Mar 01, 2017 08:57 AM
Rainmaker
811,887
Corinne Guest, Managing Broker
Barrington Realty Company - Barrington, IL
The Choice of Professionals

Not here, still a buyers market.

Mar 01, 2017 08:24 AM
Ambassador
3,039,275
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Nope, not my strategy. But I admit you see some things selling at prices that are surprising

Mar 01, 2017 07:26 AM
Rainmaker
428,401
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

Yes, I recently had a close encounter with a listing agent who priced the house much higher than a generous calculation could justify.  My clients offered full price and sure enough, the appraisal came in $28K short.  Negotiations brought the price down where it should have been to start with.

Mar 01, 2017 07:01 AM
Rainmaker
2,084,781
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Anything goes in Real Estate....

Mar 01, 2017 06:47 AM
Rainmaker
1,204,303
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Dennis Swartz No, I want my listings to sell so I still stick with the comps.

Mar 01, 2017 06:15 AM
Rainmaker
597,491
Jennifer Mackay
Keller Williams Success Realty - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I don't do wild myself - I do appropriate for the market

Mar 01, 2017 06:10 AM
Rainmaker
276,189
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

I don't take over-priced listings very often, but I have a commercial property that is too high and I'm still optimistic because it is a unique property!

Mar 01, 2017 06:05 AM
Ambassador
1,832,248
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

No because all buyers are not cash buyers or buyers willing to remove the appraisal contingency and they often can't locate proper comparables even for the correctly priced sales.  So, rather than run into that bump in the road, pricing it properly is still key to a successful sale - and not just a successful 'Under Contract!'  It still needs to get to the Closing table!

Mar 01, 2017 05:47 AM
Rainmaker
1,471,326
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

We have been increasing List Prices and getting it !

Mar 01, 2017 05:40 AM
Ambassador
959,889
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Beent rying to buy in Florida and seeing prices at $65,000 over the nearest comp so yes it is a wild 2017 so far. FYI, they aren't selling.

Mar 01, 2017 05:38 AM
Rainmaker
2,062,461
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Nope! Reality has its place!

Mar 01, 2017 05:29 AM
Rainmaker
3,825,061
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

No.

Mar 01, 2017 05:24 AM
Rainmaker
2,143,623
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

NO, even in this market ver priced listings do not sell

Mar 01, 2017 05:12 AM
Rainmaker
1,206,477
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

Yes, I've noticed even the 'that's never going to sell' homes are selling. Not that fast but at a pretty good pace here.

Mar 01, 2017 04:56 AM
Rainmaker
723,023
Susan Laxson CRS
Palm Properties International - Naples, FL
Local Knowledge & Global Network

No, I don't do wild price listings.

Mar 01, 2017 04:49 AM
Rainmaker
3,524,879
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I prefer not to do wild prices.

Mar 01, 2017 04:44 AM
Ambassador
1,490,097
Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

low inventory high demand we do represent the seller

Mar 01, 2017 03:45 AM
Rainmaker
1,730,983
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

I don't do wild prices... I do prices that properly reflect market conditions and each home's value. I keep telling my clients that a hot market is no reason to "run away with themselves" with crazy pricing... because at the end of the day, the house still has to appraise. And appraisers are surely not running away with themselves over-valuing homes.

Mar 01, 2017 03:42 AM
Rainmaker
244,691
Sally Lawrence
Advantage Real Estate - Tehachapi, CA
Broker, CHS, e-Pro, SFR, REALTOR®

Nope, that's someone else's listing.  I recomend price based on absorption rate and seller's desire to sell.  It's not productive to invest marketing in houses that the seller is not quite ready to move.

Mar 05, 2017 08:30 PM
Rainmaker
2,832,218
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We have been doing that for 3 years now, with a crazy seller's market.

Mar 03, 2017 11:09 AM
Rainmaker
2,494,866
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

I still prefer reality.  

Mar 02, 2017 01:15 AM