Pricing Waterfront and Water View Wickford RI homes - Lessons Learned - Part I

By
Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate

Pricing Waterfront and Water View Wickford RI homes - Lessons Learned -Part I.  When a seller asks me how I came up with a selling price for their waterfront Wickford RI home, there is noWickford RI Waterfront View simple answer to give since it depends on the home... but I price a home to sell and not languish on the market for 365+ days like many other Wickford RI realtors do.  I take the seller through the comparables that sold, the expireds that did not sell or remain on the market at the price point the seller 'thought' was right.  In addition, I look at the pricing of the current waterfront/water view Wickford RI home competition and where they are currently priced and weigh the similarities and differences between the homes.

It is a known realtor fact that stale dated inventory of waterfront and water view Wickford RI homes for sale that keep having downward price adjustments 'following' the market instead of being 'before' the market raise all sorts of questions in buyers' minds.  It truly takes three key ingredients for waterfront and water view Wickford RI buyers to find that right home: location, price and condition

Wickford RI Waterfront ViewSo why not work with a Wickford RI Realtor who prices the homes right on  sales price and within 99% of asking price?  My method for listing waterfront and water view homes is tried and true.  My job is to sell your home and I can do it to the utmost degree if the waterfront or water view Wickford RI home for sale is priced right.  I prefer not to have my 'FOR SALE' sign hanging out there for an extended time period and then oh, guess what extend yet again. Sellers take this course of action time after time with the same realtor who could NOT sell the home initially for the seller.  Where is the logic in this for a home seller?  Don't you think It is time to use a more resourceful realtor that understands the Wickford RI real estate market we are in.

If you would like more answers as well as questions to ask your potential listing Wickford RI realtor read Part II of my blog tomorrow.  Find out what the myths some Wickford RI realtors promote to get your home listed with them!  Pricing Waterfront and Water View Wickford RI homes - Lessons Learned -Part I.


View Wickford RI in a larger map

~~~~~~~~~~~~

Ginny Lacey Gorman is a North Kingstown and Wickford RI Realtor who works and knows the RI geographic area of homes for sale, schools happenings, important tidbits of information and businesses well here.   Waterfront, oceanfront, luxury and coastal RI homes for sale are her specialty, so call Ginny for your buying and selling needs in homes.  So feel free to search for  RI homes for sale.  When you are in need of an internet savvy RI Realtor® who SELLS RI houses in this real estate market, call Ginny today at 401.529.7849.

 

 


  Google any of my listings and see the broad view of what true internet marketing can do to showcase your home.   Ask what this Wickford RI Realtor can do for you and your property and give me a call today to do a Market Analysis on your home at 401.529.7849Pricing Waterfront and Water View Wickford RI homes - Lessons Learned



Posted by

This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

Facebook   Flckr  LinkedIn RSS Feed to My Blog

You Tube button    Twitter Follow Ginny Lacey Gorman on Pinterest

 

cell: 401.529.7849      Ginny Lacey Gorman, Realtor

www.RIHouseHunt.com

 

                                      

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Rhode Island Washington County North Kingstown Wickford Village
Groups:
Active Rain Newbies
Realtors®
Posts to Localism
Bananatude
HyperLocal Neighborhood and Community Posts
Tags:
wickford ri realtor
waterfront wickford ri homes
waterview wickford ri homes

Spam prevention
Show All Comments
Rainmaker
1,953,271
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Over the phone, just give me a ball park what is my home worth? Ask them what is a diamond worth...they stammer well it depends. Real estate is the same unique item, value coming in, weighing in from many directions.

Jun 28, 2011 11:31 PM #1
Rainmaker
2,683,535
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

It is so important to have a realtor who knows how to price your home right to sell, esp in this market.  It can make the diffeence between a quick sale vs. drrawn out frustration.

Jun 28, 2011 11:48 PM #2
Rainmaker
1,800,158
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Andy, isn't it crazy and what are people thinking when someone gives them this high number for their house and they just get hosed at the end...the realtor just wanted the sign on the lawn!!

Deb, I won't take overpriced listings and that is just me...noone around my area agrees with me...but I rather blog and get business for homes that CAN sell..thanks

Jun 29, 2011 12:10 AM #3
Rainmaker
5,082,257
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Ginny....taking an overpriced listing is the main ingredient for the demise of a real estate agent in this industry....no one can survive on a collection of overpriced listings....

Jun 29, 2011 12:18 AM #4
Rainmaker
1,051,955
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Waterfront living is just great! Of course over valuing waterfront happens just like any other type of property.

Jun 29, 2011 12:37 AM #5
Ambassador
1,042,026
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Ginny, this topic is near and dear to my heart. You did a great job, I agree with everything you say. Overpricing is death to the home owner, death to the local market and it just plain stinks.

You are featured in Bananatude!

Bananatude

Jun 29, 2011 12:40 AM #6
Rainmaker
694,665
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Ginny,

Your pricing techniques are what other Realtors should be using. If you get 99% of the asking price, then why would any seller go any where else with any other Realtor?

If I was going to buy or sell in your area, I would use you and your firm as the premier listing agent.

Simply put. You know the area and your job very well. Why not go with the best in the business

Have a wonderful day. best of luck with all your "sold signs".

Clint McKie

Jun 29, 2011 12:44 AM #7
Rainmaker
1,800,158
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Barbara, i've decide this is my new 'mantra' in todays real estate market and  perhaps i can drive it home...thanks

Bill, so true but honestly it is the waterfront that invariably has the biggest price discrepancies from the eventual lower sold price...best

Andrea, thanks!  We think alike i believe...it just kills me when i lose out to another realtor who promises the seller a higher price and it sits for over year out there!

Jun 29, 2011 12:45 AM #8
Ambassador
2,725,907
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Ginny, Nice breakdown on the factors and why you're successful at selling homes when others aren't!

Jun 29, 2011 01:19 AM #9
Rainmaker
3,839,778
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Ginny,

Obviously with your track record sellers must find it hard to refute your proven record. Using the expired listings and showing the number of price reductions is something I use all the time! Works every time!!

Jun 29, 2011 01:25 AM #10
Rainmaker
1,800,158
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

BLiz, many thanks...this is shameless sef promotion but needs to be out there...

Dorie, And i should listen to you with your record..i didn't use the expireds enough in the past but you are right it does work..thanks

Jun 29, 2011 03:02 AM #11
Rainmaker
4,134,888
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, great explanation of the pricing of waterfront homes in and around Wickford.   You are the expert they should call for listing homes or buying homes in Wickford!

Jun 29, 2011 04:15 AM #12
Rainmaker
160,728
Retired Notworking
Tallahassee, FL

Your strategy is tried and true. It also appears you've been studying keywords for enhanced SEO.

Jun 29, 2011 04:46 AM #13
Rainmaker
2,316,216
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Excellent advice for Wickford RI residents and consumers everywhere.  Price a home correctly upfront and it should sell. 

Jun 29, 2011 04:48 AM #14
Rainmaker
1,800,158
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Joan, there is no more soft shoe in this market...price it to sell..

Colleen, did you notice it...lol...it does work...thanks for commenting

Anita, you always price your homes well...we all know what pricing high gets you- no sale for the seller!

Jun 29, 2011 06:19 AM #15
Rainmaker
707,876
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Ginny, these are great tidbits of information to share with a seller.  So many times sellers just won't price their homes in accordance to what the market is doing and you named it-the house languishes on the market.  Nice post....

Jun 29, 2011 10:47 AM #16
Rainmaker
1,800,158
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

It would be great if we could get everyone on the same page!

Jun 29, 2011 11:23 AM #17
Rainmaker
650,297
Barbara Hensley
RE/MAX Properties - Rockwall, TX
Homes for Sale in Rockwall County, Texas

Ginny - this is an excellent post - great information, appealing photos, and well written!  I have bookmarked to read again - pricing is key in listing homes! 

Jun 29, 2011 09:23 PM #18
Rainer
114,933
Laurie Hellmer, Dowtown Chicago Lofts and Chicago Neighborhood Realty
Real People Realty - Chicago, IL

It is so important to accuratly price waterfront and water view Wickford RI homes and all other home throughout the county.  It is impressive to find out that you are so good at pricing the property AND that you work with clients that are willing to follow your advice.

Jul 05, 2011 10:26 AM #19
Rainmaker
1,800,158
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Barbara, many thanks...the point is really that pricing is key in this market to move a home in a reasonable amount of time...

Laurie, it does seem to work with me...i won't take overpriced listings...and clients do hear me on this one..thanks

Jul 05, 2011 02:02 PM #20
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,800,158

Ginny Gorman

Homes for Sale in North Kingstown RI and beyond
Need help Selling or Buying RI real estate? Call me
*
*
*
*
Spam prevention

Additional Information