Schaumburg Homes - Pricing is more important than ever!

By
Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/rBd

Currently in the Schaumburg market with our elevatedschaumburg homes, inventory you have to be ‘spot on’ with your homes price.  Too high and no one will take your home seriously and it will be passed over.  A fair price – what a seller is willing to accept and a buyer is willing to pay.  That’s what we normally strive for.

For Schaumburg IL homes here are some enlightening statistics that I've found.  Price your house right in the beginning and you'll make more money!  It's true and here's what I've found from current sold sales.

Schaumburg homes that have sold and closed in 2011 sold at 95% of the asking price.

Where it becomes distressing is the 'old sales price to selling price'.  That's another 6% off the original listing price.  So homes that have sold in the Schaumburg IL area were 6% off their correct price and needed to be adjusted downward in order to sell.

Let's show you in dollars what that might mean:

 

$200,000 would be $12,000 too high!
$250,000 would be $15,000 too high!
$300,000 would be $18,000 too high!

 

Price your Schaumburg IL home as aggressively as you can and it will command a higher sales price than languishing on the market 'hoping' for that higher number.

 


schaumburg homes,lyn sims, 

Looking for an agent that's really a market expert?  Let's get your Schaumburg IL home on the market and priced right to sell!

 


 
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Sources:  MRED MLS 2011
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Rainmaker
2,570,798
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Lyn, great info for consumers.. and your statement ..."Price your house right in the beginning and you'll make more money"... is right on!

Jan 21, 2012 04:02 AM #1
Rainmaker
1,675,830
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Thanks Rebecca. Year after year the market always bears that out. Lost time & money trying to get that elusive price that you should have just listed with in the beginning.

Jan 21, 2012 04:12 AM #2
Rainmaker
1,364,633
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Lyn, it's pretty obvious by your graph what price range homes are selling the most, but finding that perfect price point is sometimes easier said than done.

On another note...have you transitioned over yet to your Managing Brokers License??  I've opted for the 45 hour transition course...I'll be in Chicago soon to take the exam.

Jan 22, 2012 07:10 AM #3
Rainmaker
3,526,262
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Doesn't make sense when agents state "motivated owner" but lists it overpriced...as you say, start off with a "fair price" to get it sold is the best way to sell a house!

Jan 23, 2012 10:27 PM #4
Rainmaker
1,675,830
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Nick:  No, going to stay the same. Good luck with it.

Larry & Sheila:  Thanks for stopping by.

Jan 24, 2012 05:27 AM #5
Rainmaker
1,345,975
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Lyn - I couldn't agree with you more...Price your house right in the beginning and you'll make more money! 

Jan 26, 2012 12:39 PM #6
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Rainmaker
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Lyn Sims

Schaumburg Real Estate
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