pricing your home to sell: Reality Check: Sellers, Price it Right
- 09/10/11 11:08 AM
This is from a previous blog post from J. Philip Faranda. It bears repeating: "Here's the reality: If you are multiple listed, staged well, tidy, and have been on the market for 60 or 90 days with no offers or few lookers, the market has spoken; you need to reduce your price. You aren't the McClotchkees down at the end of the cul de sac who sold in the first 30 days. They had something, or ten things, you don't have. And the only adjustment you can make to the buying public is price. A feature ad won't do it. A … (2 comments)
pricing your home to sell: It bears repeating
- 02/07/11 01:59 PM
Based on current market statistics, it's becoming more and more evident that there's a 60-90 day window for sellers to get their homes listed for sale and under contract. After that time period, foreclosures that are currently being held up by lenders who are reviewing their practices and protocols will be flooding the market. Despite their distressed condition, foreclosures offer attractive prices, some as low as 41% of market value. Hard to compete with that! Here's the latest from the KCM blog: "As we explained months ago, there is a window of opportunity to sell before a large number of discounted … (4 comments)
pricing your home to sell: The Money You "Lost" in Your Price Reduction Wasn't Real
- 01/25/11 08:13 AM
Excellent post for agents who have tried in vain to obtain price reductions and for sellers who are still chanting, "..but MY home is WORTH it!". Agents, we have all been there -- taken listings, tried to price in accordance with the market but showings and more showings with no offers is the best proof that something needs adjusting. And if homes around your listing are selling, well then, guess what: it's price. Sellers, your agent has tried and tried to show you that the market just is not supporting your price. If you won't listen to your agent, then … (2 comments)
Today's KCM blog (Keeping Current Matters) addresses a common dilemma with some sellers. The housing market is dynamic, not static, and the best person to help you understand that is a Realtor. A professional at analyzing sales statistics, neighborhood sales trends and pricing, a Realtor knows where the market is headed, not just where it's been. The very best Realtors keep abreast of real estate news daily. As you would not tell your physician how to examine you, a Realtor is worthy of respect for his/her knowledge and does not need you to manage the process. A Realtor is … (2 comments)
This is from a previous blog post from J. Philip Faranda. It bears repeating:
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