Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Pricing a home low enough to draw "on-the-fence" buyers out of the woodwork
We have heard it over and over again about overpricing a home will result in an unsold home, taking a long time to sell, and reducing the price, over and over again. every article I have read mentions "price reductions" as a necessary solution. And that sellers need to be priced somewhere in the lower end of the majority of comparable homes. This is all common sense. But what results would we have if sellers were to list their homes at a price low enough that it just could not be ignored?
For the majority of the country, it is a buyer's market, and these buyers know it. So, they are looking for rock bottom prices, and incentives out the wazoo. I am wondering if pricing a property so low would draw numerous buyers out to see a home, thus resulting in multiple offers, and hopefully increased dollar amount to beat out the other buyers, or bidding wars as it is sometimes referred to.
For instance, if a property was priced $15k below all other comparable properties in the area (i.e., $175k-$185k), but you listed it for $160k, with being comarable in size, location, amenities, and condition. Do you think this would spark activity? Maybe ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention