current economy: 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)
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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