pricing your home: Drawbacks of Overpricing
- 07/21/06 01:27 AM
REDUCES ACTIVITY: Agents won’t show the property if they feel it is priced too high.LOWER ADVERTISING RESPONSE: Buyer excitement will be with other properties that offer better value.LOSS OF INTERESTED BUYERS: The property will seem inferior in amenities to other properties in the same price range that are correctly priced.ATTRACTS THE WRONG PROSPECTS: Serious buyers will feel that they should be getting more for their money.HELPS THE COMPETITION: The high price makes the others look like a good deal.ELIMINATES OFFERS: Since a fair priced offer will be lower than asking price and may insult the seller, many buyers will just move … (1 comments)
pricing your home: Benefits of Proper Pricing
- 07/20/06 05:08 AM
FASTER SALE: The proper price gets a faster sale, which means you save on mortgage payments, insurance, and other carrying costs. LESS INCONVENIENCE: As you may know, it takes a lot of time and energy to prepare your home for showings, keep the property clean, make arrangements for children, and generally alter your lifestyle. Proper pricing shortens market time. INCREASED SALESPERSON RESPONSE: When salespeople are excited about a property and its price, they make special efforts to contact all their potential buyers and show the property whenever possible. EXPOSURE TO MORE PROSPECTS: Pricing at market value will open your home up to more people … (1 comments)
pricing your home: Pricing Guidelines
- 07/20/06 05:03 AM
What you paid for your property does not effect its value.The amount of money you need to get out of the sale of your property does not effect its value.What you think it should be worth has no effect on value.What another real estate agent says your property is worth does not effect its value.An appraisal does not always indicate what your property is worth on the open market. The value of your property is determined by what a ready willing and able buyer will pay for it in the open market, which will be based upon the value of other recent … (2 comments)
REDUCES ACTIVITY: Agents won’t show the property if they feel it is priced too high.LOWER ADVERTISING RESPONSE: Buyer excitement will be with other properties that offer better value.LOSS OF INTERESTED BUYERS: The property will seem inferior in amenities to other properties in the same price range that are correctly priced.ATTRACTS THE WRONG PROSPECTS: Serious buyers will feel that they should be getting more for their money.HELPS THE COMPETITION: The high price makes the others look like a good deal.ELIMINATES OFFERS: Since a fair priced offer will be lower than asking price and may insult the seller, many buyers will just move … (1 comments)
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