market value: Stop Under-Pricing Your Listings
- 03/27/10 08:55 PM
The Orange County market has changed...A LOT! It's no longer necessary to price a $500,000 home at $425,000 to get offers. Why not price the home at $500,000 or even $515,000? You'll still get offers, but now, you'll only get a few serious offers instead of 30, with the majority of them being well below market value. It only takes 1 good offer to get a home sold. I can't understand why a tactic used to sell homes in a downward trending market would be the same pricing strategy in an upward trending market. It's COMPLETELY unnecessary. PLEASE STOP! I now leave pending properties out of … (4 comments)
The Orange County market has changed...A LOT! It's no longer necessary to price a $500,000 home at $425,000 to get offers. Why not price the home at $500,000 or even $515,000? You'll still get offers, but now, you'll only get a few serious offers instead of 30, with the majority of them being well below market value. It only takes 1 good offer to get a home sold.
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