The Price is Right

January 21, 2008

Houses do sell in any market! Since the current consensus of public opinion is that we are experiencing a declining value real estate market, buyers are super concerned with value and how a seller's price reflects value. So how does a seller choose the right price. Getting a market analysis from a professional real estate agent is a good first step. In fact, it can be very useful to obtain more than one Realtors opinion of value.

Sellers often want to price there homes at the high end of a value range with the idea that they can always reduce the price. While this is certainly true, it is also not a winning strategy in a declining market. The sellers who are most successful in receiving offers, are sellers who recognized that prices may be less in 30 days and they list at the lowest reasonable price. Hence buyers who are doing comparable shopping quickly recognize the value of the property.

We are in a market where the right list price is the most important step in marketing a property. Choose your listing price wisely!



During a boom real estate market, houses become commodities - or maybe when they are placed on the market, houses are always regarded as commodities by buyers. During a