The Perfect Price?

By
Real Estate Agent with Coldwell Banker All American

There is a price at which the seller is satisfied, the buyer is happy, and a deal is consumated. Getting to that price is called "WORK".

There is a seller out there in the wide world, who talked to his Realtor today. He was discouraged that there wasn't more showings, no offers in the 3 months it had been listed. After saying what was said last month about price reduction, the agent gave an opinion.

Seller wasn't happy with the opinion 30 days ago, and wasn't happy with that same opinion today. Finally, after hearing that the house had been viewed over 900 times on the website, the seller said"Just tell me the price it will sell at!"

In one version of the story, the Realtor told the seller that that was the words she was waiting for. After consulting her crystal ball, the price was set at precisely what the buyer would pay for it. The next morning the seller found himself in a multiple offer situation, and the sale closed in less than 2 weeks.

In the real world. there are numerous factors that play into when a house will sell- weather, football schedules, and holidays just being a few. As a team, we can each do our part to maximize price and minimize time- study buyer trends, expose as many people to the property as possible, and present the house in its best light.

Just as there is a lid for every pot, there is a buyer for every house- we just have to engineer the situation to have those two come together-

but having that crystal ball with the "perfect price" would surely be nice!

Posted by

As always, I am here to be a resource for you in your journey-

To Your Success!

Krisan Mitchell

Coldwell Banker All American

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
76,094
Jason Ellis
Coastal REO Solutions - Myrtle Beach Short Sales & REO's - Myrtle Beach, SC

Great start to AR and the New Year -- Best of luck in 2009 and beyond!! JE

Jan 16, 2009 04:05 PM #1
Rainmaker
540,593
Sergio Rebollo Jr.
Real Estate TeamMates - Miami, FL

Krisan.....Welcome to ActiveRain.  This is a great community to network with others as well a great place to learn from other's experiences and knowledge.  I've enjoyed it; I hope you enjoy it as well.

Sergio Rebollo Jr.
Exit Prime Realty
Coral Gables, FL  33134
305-582-4062

Miami Short Sale Specialist - Profile

Jan 16, 2009 10:21 PM #2
Rainmaker
823,701
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Jan 17, 2009 12:02 AM #3
Rainer
80,254
David Painter
Keller Williams Realty - Spartanburg, SC

Good to have you on Active Rain.  This is a good site for gathering information and interesting to see what others are blogging about. Contact us if we can be of service to you. We would be happy to send you a referral or to take good care of any referral you would send to us.

Jan 17, 2009 06:07 AM #4
Ambassador
2,134,645
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

There is always a certain price that will bring a buyers to a house. I had one that just nothing, no showings, no offers, nothing...We lowered it $5,000 and three offers and 15 showings in a week. There was a magic number and we certainly hit it with that price reduction.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Jan 18, 2009 11:52 AM #5
Rainmaker
559,223
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Krisan,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!

-Keith

Jan 19, 2009 03:09 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?

Rainer
7,482

Krisan Mitchell

Ask me a question
*
*
*
*
Spam prevention