Why I want to be the 4th Real Estate Agent that lists your Big Bear Home!

By
Real Estate Agent with Keller Williams Big Bear

You might want to be the fourth Real Estate agent to list a house in our current Real Estate market. With many of the homes in our market taking 12 months or more to sell. Sellers seem to take that long to understand where they need to price their home to sell. Often we tell them that they need to be the best value and suggest a price that should get them sold, and then they shop agents until they find one that gives them a price that matches their perceived value. This as I have said before is a recipe for disaster. This will net sellers much less in the declining market. Once the sellers that you met with 9-12 or 18 months ago find out that you were correct, they will now understand why your new price is well below that original suggested list price. They will be more motivated and this will help when you do get an offer. Overpricing in our current market is the biggest mistake a seller can make. I know what you paid when you bought it a year or two ago. I know you spent thousands to remodel that kitchen. It doesn't matter what it costs to build, how much you owe, or what you've done, the market sets the price on Real Estate.

 

 

 

I just listed this house today that originally started at $474,000 on 8/16/2006, then went to $447,500 on 11/21/2006, then $349,000 on 7/27/2007 and now I have it at $329,900. It's a great value at this price and I hope we can get it sold....

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
big bear real estate
big bear city
pricing your big bear home

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
133,400
Susan Trombley
Trombley Real Estate - Wake Forest, NC
Broker/Realtor, Raleigh, Cary, Wake Forest, Youngs
It really is a bear of a market and location determines how far down the market is going and getting the $$$ is getting tuffer and tuffer.
Jan 04, 2008 11:31 AM #1
Ambassador
583,686
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"
here here...that's the first question I ask...how many agents have you been through??? 
Jan 04, 2008 11:32 AM #2
Rainmaker
387,816
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!

The "operative" word is HOPE.  In this market even properly priced homes are not guaranteed.  But it's sure better than missing the market  completely by pricing it out of sight of the buying pool.  Good Solid Advice here.

Jan 04, 2008 11:40 AM #3
Rainmaker
457,873
Michael Eisenberg
eXp Realty - Bellingham, WA
Bellingham Real Estate Guy
The key to selling a home is the right price, if the 4th agent gets the listing there it will sell. good luck
Jan 04, 2008 12:13 PM #4
Rainer
35,908
Joseph Ellman
Realty Executives- Williams-Sykes Realty - Poughkeepsie, NY
Steve - Well said and great post!  The home in your post is beautiful.  Best of luck with it!
Jan 05, 2008 08:21 PM #5
Rainmaker
106,989
M A
Boston, MA

Steve,

Good luck with the house.  As Michael says above.... the key is setting the right price.  If it's priced correctly it will sell.  Hope it goes the fourth time around.

(Thanks for commenting on my "Cookies are making me Kooky" post)

Jan 05, 2008 11:15 PM #6
Post a Comment
Spam prevention
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
150,900

Steve Hirschler

Big Bear Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information