Reduce The Price- NOT Always!

Hello Miss Margaret Rome Baltimore 410-530-2400 - I nearly spit my coffee when I read the agent would not allow his client to offer more than the previous list price. 

Lowering the price isn’t always the best solution. Boom. Sometimes hiring a professional is the solution! 

Margaret, it amazes me that so many agents feel that the MLS only will get the home sold.  Market conditions, economy, and overall conditions demand proper marketing beyond the 'Covid' MLS and 4 Sale sign only.  Excellent post.  m

Hello Margaret - obviously price is always a factor in real estate but only one albeit a significant one.  

Thanks you very much, Margaret, for sharing this story.

Home sellers are in very good hands when they seek your professional real estate advice and assistance.

Hi Margaret,
Price is a factor but not the only factor and maybe not even the main factor. Proper marketing to the right target market is critical.

Hi Margaret... I totally agree. I've been the second and even third agent in on many a listing over the years... and quite a few times I tweaked the staging, the marketing, and increased the price... and got those homes sold. 

The key is to convince a homeowner to price it correctly in the beginning to avoid this. Thanks for sharing, make it a great Sunday and enjoy your weekend!

Bill Salvatore, Realtor- Arizona Elite Properties

"Think about those small signs that say, "We buy houses for cash, as-is, no commissions." Is that the kind of agent you want to be?"- Margaret.

Those signs represent a certain part of the real estate market, typically catering to distressed properties or sellers who need to move quickly and are willing to accept a lower payout for convenience.

While this model can serve a purpose, it doesn't align with every agent's values. The kind of agent you want to be depends on the clients you aim to serve and the principles you uphold in your business.

FEATURED in the Old Farts Club.

Margaret I agree with you! Marketing with exceptionalism added into the mix makes a huge difference.  What a interesting way to think that other agent who said....I can't sell it over the previous list price.  Right!  That is not her decision to make - it's the  buyers choice.  I am thinking right now of many instances where I let the sellers know I could most get 50+K over what other agents thought was right pricing.  And did I?  Well you know that answer.  Why would I suggest something I didn't think I could make happen for my clients!!

I really appreciate your insights on pricing, Margaret Rome Baltimore 410-530-2400—it’s refreshing to hear a different perspective on the issue! Your story highlights how understanding the market and trusting your instincts can lead to amazing outcomes, and I’m grateful you shared that valuable lesson with us.

Margaret price plays a major role in how quickly a house will sell, BUT some houses will sit on the market for several reasons no matter the price.

Good morning Margaret. A widow lesson in sales from a seasoned master. Let it have more exposure. So, you will be featured in Bananatudes today. Congrats!

Interesting how some agents will look at the former list price and assume the seller will accept an offer at that lower price! Reducing the price is not always the answer and you proved that, Margaret. 

Margaret Rome Baltimore 410-530-2400 - I never talked my sellers to reduce the price. If they brought the topic up, I would meet with them and have a heart-to-heart talk. Most often when I asked why they considered dropping the price, it was because they were under the influence of someone outside the real estate industry. 

Showing them most recent comps and talking to them helps guide their decision making. A good agent always looks out for their client's best interest and explains with facts and current information. 

You wrote a wonderful post and it's very informative too.