auctions: Has your Realtor become an Auctioneer?
- 03/26/09 09:27 AM
Realtors use a static pricing system to present a property to the market. Typically a list price is determined, based on comparable sales data, appropriate adjustments for time, and in this market an awful lot of guess work. The property is advertised and placed on the local MLS and probably Realtor.com. Open houses are scheduled and a realtor usually sits in an empty house for the better part of a Sunday afternoon. Then they wait, and wait and possibly wait some more for the phone to ring. You start to see why I’ve call it a static pricing system. Without a … (3 comments)
auctions: SOLD in 45 to 60 days
- 08/18/08 07:00 AM
SPEEDFaster is always better? Usually there is a penalty for more speed. In Aviation more speed requires less drag, less weight, more lift and more POWER-Thrust. Usually one must give to get, but that’s not always the case. If I could sell your property for 30% less than your last list price in 45 to 60 days, what would that time be worth to you? Let’s use a real world example. A commercial building, light assembly to be exact, is listed for $2.1M. Most local experts predict time on the market through an ordinary sales method to be approximately 14 to … (12 comments)
Realtors use a static pricing system to present a property to the market. Typically a list price is determined, based on comparable sales data, appropriate adjustments for time, and in this market an awful lot of guess work. The property is advertised and placed on the local MLS and probably Realtor.com. Open houses are scheduled and a realtor usually sits in an empty house for the better part of a Sunday afternoon. Then they wait, and wait and possibly wait some more for the phone to ring. You start to see why I’ve call it a static pricing system. Without a … (3 comments)
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