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What Sells Homes?

By
Real Estate Broker/Owner with Erik Elsea-Jones & Co. Realty

What sells homes? Better yet...What sells anything? I was told since I was very young that something was only worth what someone was willing to pay for it. So when selling a home, the value of that home is only what someone is willing to pay for it.

Price sells homes. If you are in a gated community like many communities here in SW Florida then most of the homes are the same. There are very few differences between them. Sure you may have upgraded carpet or the nicer appliance package but for the most part they are the same.

The condition of the property is very important however I have found in most of our upscale gated communities here in the Ft. Myers area that most people take extremely good care of their properties. Staging your home properly can definitely add to the appeal when people walk through it. Staging a home properly will increase your chances of selling but ultimately it comes down to price.

If there are three very similar properties on the market in the same community the one with the smallest listing price will almost certainly sell first. If you are motivated to sell then you need to work with a Realtor and receive accurate information about the community and stay abreast of current pricing of competing properties within it.

Click here to see what your neighbors' homes sold for here in SW Florida!

Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -

So correct I hear people say marketing, marketing, staging Blah Blah.

Its all about the right PRICE!!!!!!!!

Jun 15, 2010 01:53 AM
Kevin Conery
Keller Williams Realty Success, LLC - Littleton, CO
Colorado Realtor

Well said.  When I first started in the business this old crabby veteran told me it's "price son"  Well it took one over priced listing to prove his point.  Now I price the homes to sell in 45 days or just don't take the listing.

 

Jun 15, 2010 01:54 AM
Pam Turner, REALTOR®, e-PRO®, SFR
Century 21 Belk Realtors Dalton GA - Dalton, GA

It probably takes several things working together, but price is the most important.

Jun 15, 2010 01:55 AM
Charlie Gantz
Keller Williams Commercial, Tampa Bay - Saint Petersburg, FL
J.D., M.B.A.

Price and condition of the property--you got it.  Charlie Gantz, Greenwood, IN; J.D., M.B.A.; Owner/'Principal Broker, Atlas Property Group, LLC

Jun 15, 2010 01:56 AM
Olga Kellen
English-and-Russian.com, English-Russian Translation & Russian Internet Marketing - Hallandale, FL
Author of Amazon E-Series "Selling to Foreigners"

right product + right price + MARKETING = sale

Jun 15, 2010 02:00 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Price is ultimately key, condition is just a close 2nd!

Jun 15, 2010 02:01 AM
Doug Rogers
RE/MAX Coastal Properties - Destin, FL
Your Real Estate Resource!

Even a little over priced will linger on the market down here. If the price isn't right, move on.

Jun 15, 2010 03:16 AM
Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic

It' has been and always will be about the money. Pricing is the key element to a sale.

Jun 15, 2010 03:33 AM
Erik Elsea
Erik Elsea-Jones & Co. Realty - Fort Myers, FL

Well I'm glad to see there is a consensus here. Price Sells! Thank you for all your comments.

Jun 15, 2010 06:48 AM
Carra Riley & Declan Kenyon
Brokers Guild Cherry Creek Ltd - Westminster, CO
Helping people Transition at all ages!

Erik....I agree that price trumps everything else.  You can overcome condition, location and just about anything else with the right price.

cosmic cow

Jun 15, 2010 08:50 AM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I have always been told that every home will sell when it gets to the right price.

Jun 15, 2010 04:38 PM
Elizabeth Guthrie
Guthrie Properties - Bullard, TX

Even though you have the property priced right the buyer must be willing to pay that, so the saying of "A property is only worth what a buyer is willing to pay." is still very much true!

Jun 18, 2010 12:24 PM