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We did price based on comps, which were almost nonexistent.
. . . and where do you feel your price is in relation to the comps? Higher? Lower? Even? What is the average days on market for a house in your area? Are you in a seller's or a buyer's market or a balanced market?
The fact that you're priced lower than a house that no one has bought in 82 days doesn't really say much.
Quote:
Originally Posted by CGab
Realtors LOVE to price high so if you want that quick sale I'd go lower. Btw, I'm not a realtor.
This might be the most inaccurate statement I've ever read on this website. It's not the agents who like to price high. It's the homeowners who love to price high. They all think that somehow that if you raise the asking price that it magically also raises the market value of the house.
Quote:
Originally Posted by CGab
Ugh...I hated when I sold a home and the agents called me directly to set up appointments. I feel that's part of the agents job to deal with the other agents. Our last home we just sold my agent had them contact her and she would just text me. It was great!
I couldn't agree more. Every time I have to call a homeowner to setup an appointment I think "what exactly is this agent getting paid for?" as they don't seem to be doing even the smallest task like coordinating appointments.
Ugh...I hated when I sold a home and the agents called me directly to set up appointments. I feel that's part of the agents job to deal with the other agents. Our last home we just sold my agent had them contact her and she would just text me. It was great!
I agree. I would never set up a listing so that my client had to be bothered by every agent trying to schedule a showing.
. . . and where do you feel your price is in relation to the comps? Higher? Lower? Even? What is the average days on market for a house in your area? Are you in a seller's or a buyer's market or a balanced market?
The fact that you're priced lower than a house that no one has bought in 82 days doesn't really say much.
This might be the most inaccurate statement I've ever read on this website. It's not the agents who like to price high. It's the homeowners who love to price high. They all think that somehow that if you raise the asking price that it magically also raises the market value of the house.
I couldn't agree more. Every time I have to call a homeowner to setup an appointment I think "what exactly is this agent getting paid for?" as they don't seem to be doing even the smallest task like coordinating appointments.
I feel like I am priced lower that the comps, but there has not been many sold recently. Most have sold with garages, which is not a comp, for $20-$30k more than mine is listed.
The average dom in county is 100. This year in neighborhood the days were 1, 6, 7, 8, 10, 19, 21, 23, 27, 28, 90, 126, 164, 196. So the median is about 3 weeks, much quicker than average!!
Just out of curiosity, what makes you believe this?
I ask because one of the more common accusations thrown out about real estate agents is that we like to price properties LOW, sacrificing a few thousand dollars of the seller's money in order to get it sold faster.
Our property we just sold was in the Chicago land area. The realtors here like to price real high and then cut the price every couple of weeks. Gives false hope to sellers and then offers come in $30k less. It's crazy, but that's how it works here. You very rarely get asking price. Sold price does end up typically at market value though.
The average dom in county is 100. This year in neighborhood the days were 1, 6, 7, 8, 10, 19, 21, 23, 27, 28, 90, 126, 164, 196. So the median is about 3 weeks, much quicker than average!!
In my experience, you get the most showings in the first two weeks you're on the market. There's an existing pool of buyers out there and when a new listing comes on the market they all take a look. Once the initial wave of interest goes away then you have to wait for new buyers to come into the market to get more showings or you can lower the price to introduce the property to new buyers who are shopping at a lower price point.
If you don't have any showings in the first week, you're probably priced too high.
In my experience, you get the most showings in the first two weeks you're on the market. There's an existing pool of buyers out there and when a new listing comes on the market they all take a look. Once the initial wave of interest goes away then you have to wait for new buyers to come into the market to get more showings or you can lower the price to introduce the property to new buyers who are shopping at a lower price point.
If you don't have any showings in the first week, you're probably priced too high.
It was listed Tuesday and we have had two showings. One on wed and one on Thursday.
1st- house shows well, great layout, priced just right, but the neighbors yard is an eyesore.
2nd- house shows well, priced to high, very interested, didn't mention the neighbors yard.
I called tee HOA to see if they can do anything with the neighbors mess.
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