Quote:
Originally Posted by williamsburgfan
10K difference in pricing is not a big difference to me - both agents are "in the ballpark". Price is subjective - and it's not the listing price, or even sales price that is important - it is the sellers NET.
A ctc for 250K w/ the seller paying 10K in closing costs is not as good as a 245K sales price, no closing costs. So do not compare JUST price - so many other factors. priceing it right is critical, and pricing too high in a buyer's market can add time to the sale - if you have time and know up front you are testing the market than you are informed - don;t blame the agent if it doesn;t sell quickly. Price. location, condition, location, location...
so look for NET proceeds to the seller, price it right and have it in poerfect shape
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williamsburgfan is absolutely right. We listed our house in early February and it sold within a month because the R/E agent and I took the time to make sure it was priced right for the market. I even spent an extra $300 on an appraisal just to make sure that we were competitive.
Remember, you only have a few weeks to get the attention of R/E agents and prospective buyers, and if you blow it by pricing it too high people will quickly loose interest and move on. I've found that the longer a house stays on the market the more difficulty it is to sell.
There's another house in our neighborhood that's about the same size and has nearly the same amenities as ours. The first mistake the seller made was trying to sell it himself. The second mistake he made was pricing it way too high. Now, more than seven months later he's practically giving it away because he ran out of time and needs the proceeds to purchase his new home.
That house initially listed for $44K more than ours. Way over priced. Today, SEVEN months later it's currently listed for $15K under what ours sold for and it's dropping monthly. Listen to williamsburgfan. He knows what he's talking about.
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