A well priced home will sell quickly in ANY market

By
Real Estate Agent with William Raveis Real Estate

I helped some clients write an offer an a house yesterday that they've fallen in love with.  The house has only been on the market about a week, and there will be competition from other offers.  This is a strange situation to be in after the draught in buyers that so many of properties have seen over the last 6-9 months.  It is a unique house, which is the primary reason it's got so much interest, but it's also VERY well priced.

In any market, buyers', sellers' other in between, a home that is priced 10% below market will ALWAYS attract buyers.  As a listing agent, I find that helping sellers to understand that it's rare to be able to ask for both a quick sale AND the last dollar of sale price.  The best you can offer is a perfect balance of the two. 

In this particular case, the seller wanted a quick sale, and she's going to get it!  Do you find that sellers, even those with a true sense of urgency, don't understand this concept?

Comments (1)

Tina M. Atilho
William Raveis Real Estate - Milford, CT
I agree with you totally.  I listed a house and priced it right and less than two weeks later it is on deposit!
May 07, 2008 08:08 AM