In reading through posts today, I saw one with the subject of Price it Right (good post, Tish Lloyd). It reminded me of the instructor in my real estate classes who used to say all the time:
David - don't you wish some of our clients got it? ;)
Lenn - Real Estate 101
Mimi, I couldn't agree more!! Sometimes you have to tell your sellers what they need to hear, not what they want to hear.
Thank you so much, Susan! I think about this every time I go on a listing appointment.
Totally agree, Jon. That's why there are so many of us . . . some Realtors won't :)
Linda - gorgeous photo!
Mimi, great advice. I just started working with my friend who wants to sell her house and she is already talking about how much she has to get from the sale. I am trying to come up with a polite way to bring her down to earth and price her home right.
True - no matter the condition or the location or the state of the economy. If the price is right, it will sell.
Isn't THAT the truth! And yet, it is what no one, no one, no one wants to hear!!!
Love it Mimi. All other faults of a home, condition, location, smell, etc. can be overcome by pricing it correctly.
1. It's overpriced
2. You want too much money for it
3. The price is too high
Exactly! :)
You're so right. Three great reasons why it isn't selling ~ PRICE, PRICE, PRICE!
Elizabeth - I HATE the words "I NEED this much to sell my house." How much they NEED can't figure into the equation.
Pam - and amen and amen ;)
Marte - I thought surely he must be wrong when he first said it. But years and years of experience have certainly proven it to be fact.
Eric - ALMOST ;)
Alison - there's so much emotion involved in the price. Yep, four year degree in psychology sure would help
Gabe - but it often causes some difficult discussions
Joe - you stated it so well!
Larry and Sheila - hmmmmm . . . interesting concept . . . for the Buyer it's location, location, location. For the Seller, it's price, price, price :)
Mimi- love it that it's so simple!! I tell my clients if their home is not priced correctly then staging is only going to take them so far... Price is king.
Awesome. Simple post. Simple point. Right on. Mimi, I like reading your posts.
It's so simple and to the point. Remember there is no mathimatical equation for emotions like want or need.
Mimi Foster has been voted one of Colorado Springs' Best Realtors five years in a row. She sells homes throughout the Pikes Peak Region with a passion for Victorian homes in Downtown Colorado Springs. Fifth generation Realtor, mother of five daughters, five grands, and cherished wife, Mimi has over two decades of professional experience helping clients buy and sell their personal residence, military relocation, investment properties, and rehabbing fix and flips in the Colorado Springs area.
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