Rebecca & Michael Straley, Go Straley "MAKE IT HAPPEN!" (Go Straley Group of eXp Realty & Go Straley Seminars)

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Rainmaker
823,093
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

20+ years of xp, I think I know what I'm doing by now.

Self promotion ay? tsk tsk

Aug 26, 2016 11:36 PM
Ambassador
4,298,246
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Rebecca & Michael Straley - Nice question - though self-promotion in Q&A is better done in the blogging area of ActiveRain.

 

Aug 26, 2016 03:48 PM
Rainmaker
2,975,643
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

For me it has nothing to do with being a Realtor. I am confident in my pricing abilities based on almost 25 years of doing so and not on my membership in the NAR. I've not taken special training. No one will ever get it right 100% of the time on the first try... there are houses that are very hard to price and sometimes one does need to "test" the market.

BTW, this is not the best forum to promote your business. I would suggest if the courses you are promoting are so wonderful and valuable that you maybe write some posts explaining their value to Realtors.

Aug 27, 2016 12:05 AM
Rainmaker
3,168,580
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I'll go with Sandy and Norm Padula's answer! Time and experience count!

Aug 26, 2016 11:25 PM
Rainmaker
1,521,836
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Trained over the last 30 years. Usually very accurate .

Aug 26, 2016 02:15 PM
Rainmaker
2,394,715
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Previewing homes over time gives you the confidence you will need.

Aug 26, 2016 11:47 AM
Rainer
211,534
Jessie Cochran
Counts Real Estate Group, Inc. - Panama City, FL
Panama City Realty Group

Yeppers, been doing it for awhile.

Aug 27, 2016 12:24 AM
Rainmaker
5,264,623
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes. I have worked as an appraiser.

Aug 26, 2016 11:46 PM
Rainmaker
911,232
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I rarely price reduce so, I must get it right through my system and I do track: in the last 12 months I sell my listings at 103% sales to list price. (Due to my advanced marketing, pre-MLS inspections & market value-pricing generating multiple offers on many in the first 3-5 days on the market). I also agree with Praful Thakkar that this was a cheap promotion better done as a blog post as to not insult the integrity of this forum.

Aug 26, 2016 11:37 PM
Rainmaker
1,278,498
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Market knowledge was my "system".  I could walk into a house and price it without doing a market analysis.  I always did one, of course, because the seller expected it... to justify what I already knew.  LOL

Aug 26, 2016 11:31 PM
Rainmaker
2,424,404
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I have always had great success with valuation. It just pops out at me

Aug 26, 2016 11:26 PM
Rainmaker
4,431,983
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes

Aug 26, 2016 10:03 PM
Rainmaker
3,049,971
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Yes

No

Yes

Aug 26, 2016 09:56 PM
Rainmaker
4,796,551
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I am pretty good at pricing homes.

Aug 26, 2016 09:55 PM
Rainmaker
3,174,842
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Rebecca & Michael that is what seperates good from average Realtors, Pricing....Endre

Aug 26, 2016 03:57 PM
Ambassador
3,043,304
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I have my BPOE designation but that being said I am within 1% most times without training.

Aug 26, 2016 02:28 PM
Ambassador
3,673,447
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

I took a major appraisal course to get my broker's license, and it's helped a lot in getting the pricing strategy nailed almost every time.  

Aug 26, 2016 12:58 PM
Ambassador
2,188,625
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I do a lot of BPOS. I can price a house. I even have my broker (with 40 years experience) come to me to ask my opinion. 

Aug 26, 2016 12:52 PM
Ambassador
3,186,061
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Classes helped and also, the experience of doing them over and over and OVER again helps!

Aug 26, 2016 12:00 PM
Rainmaker
4,021,636
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I review extensively the recent solds, but also the Actives and under contracts.    I list a home at fair market value.

Aug 31, 2016 11:24 AM
Rainmaker
3,067,168
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I use the Cloud CMA

Aug 28, 2016 02:11 AM
Rainmaker
4,314,417
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Rebecca,

It is a matter of experience, and like everyone else we are promoting.  LOL A

Aug 27, 2016 01:22 PM
Ambassador
3,981,962
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I have worked in my market, had discussion with appraisers, taken appraisal classes and have lots of experience to do a good evaluation. When you know the market you are rarely wrong.

Aug 27, 2016 10:34 AM
Ambassador
4,056,607
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Sometimes I think that some just pull a number out of a hat and then complain about all the buyers agents who tell them that they are off.

Yes there is a science to it, but some of the points in this science can be very subjective and lead to a lot of disagreement.

Aug 27, 2016 06:36 AM
Rainmaker
1,477,956
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

You can take as many classes as you want or need, but only experience will help you to price the property well. At the same time, not all well priced property will be sold immediately, such thing as window exposure, outdated layout, smell ,uniquely built or designed property, etc. etc. will slow down any sale. 

Aug 27, 2016 04:47 AM
Ambassador
1,613,518
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I have developed a good sense of pricing homes after doing my due diligence.

Aug 27, 2016 02:48 AM
Rainmaker
1,211,254
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Training: learn how to look at comps and compare homes that have sold and are listed to the subject property.  Do it a lot. 

 

I always get it right the first time.

 

P.S.  This is not the place to whore out NAR certifications.  You'll find that most people here find them only good for target practice and starting their BBQs with.

Aug 27, 2016 02:31 AM
Rainmaker
724,394
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Yes and yes; one needs to know the market and to have a good sense for where it is and where it's going. Part of it is training, part experience and for me it was Wall St trading as well. 

Aug 27, 2016 12:42 AM
Rainmaker
1,505,347
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

I would say 'I doubt it'.

Aug 27, 2016 12:25 AM
Ambassador
3,914,865
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Training and experience does make a big difference. Some homes are much easier to price in a given market than others, and shifting market conditions can make it harder.

Aug 27, 2016 12:16 AM
Rainmaker
4,870,261
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

if you have a collection of listings and the shelves are overflowing, everything you have is overpriced.... list them and move them... that's our system....price them right.... 

Aug 26, 2016 10:23 PM