5,230,119
I have withdrawn, refreshed (improved condition) & relisted 3 times this year - all three had almost immediate 99+% list-to-sale price ratio sales.
Sadly, but a good lesson for sellers that I have already begun sharing, all 3 were paint related. Yep, simple painting that most sellers think, "Oh, the buyers will want to choose the paint colors."
Nope! Buyers don't want to lift a FINGER! Paint it neutral, THEN list!
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Peter Testa
Danbury, CT
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Brenda Mayette
Glenville, NY
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Doug Dawes
Topsfield, MA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Richard Weeks
Dallas, TX
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Bob Crane
Stevens Point, WI
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Bob "RealMan" Timm
Minot, ND
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Michael Jacobs
Pasadena, CA
5,583,278
strategy??? the listing presentation gives them the fair market value range of the property..... if they want to bump it up for 10 days max, we'll do it but they MUST agree to reducing it if the activity stops.... that's how we do it...and they DO agree in writing to adjust the price or we won't take the listing....
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Brenda Mayette
Glenville, NY
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Doug Dawes
Topsfield, MA
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Bob Crane
Stevens Point, WI
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Bob "RealMan" Timm
Minot, ND
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Barbara Todaro
Franklin, MA
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Ron and Alexandra Seigel
Carpinteria, CA
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
3,345,091
Keep reducing the price. There is no magic bullet. If funds are not spent to improve it then the price is the remedy.
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
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Bob Crane
Stevens Point, WI
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Bob "RealMan" Timm
Minot, ND
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Ron and Alexandra Seigel
Carpinteria, CA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
4,572,364
Listening. Discussing. Pausing often works well in both thought and in action. Interpretations related to real estate are appropriate too.
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
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Bob Crane
Stevens Point, WI
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Bob "RealMan" Timm
Minot, ND
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Ron and Alexandra Seigel
Carpinteria, CA
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
1,502,998
You could withdraw the listing in the MLS, get the condition improved quicker, then bring it out new with new photos. That may make it look like a new house to people and could spark interest.
Otherwise, drop the price 5-10k and see what happens.
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Brenda Mayette
Glenville, NY
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Doug Dawes
Topsfield, MA
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Bob Crane
Stevens Point, WI
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Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Michael Jacobs
Pasadena, CA
5,104,931
Depends on the listing... strategy could widely differ. One thing I don't believe in doing is "bleeding down" a price. A price adjustment needs to have impact and it needs to bring in a new crop of buyers.
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Brenda Mayette
Glenville, NY
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
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Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Peter Mohylsky, Beach ...
Miramar Beach, FL
2,390,620
It all depends on the Buyers position, do they have to sell or can you pull it from the market for 3 to 6 months Peter Mohylsky, SoWal Is HOME. ?
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Peter Testa
Danbury, CT
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
6,393,609
Best start with a strategy before listing and do it quickly and enough to make an impact. Though I prefer to pull it, fix it up, and remarket the new and improved edition.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
1,311,397
If there is any issue with condition, that is what needs to be address...assuming it can be done reasonably. I agree that most buyers are looking for turn-key home. Homes needing paint of new flooring fall to the bottom of the list now that inventory has increased.
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Doug Dawes
Topsfield, MA
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Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
911,338
Monitor comps and keep communicting with sellers. Usually their estimated net proceeds influences their decisions.
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Doug Dawes
Topsfield, MA
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Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
2,781,173
to avoid lowering or longer DOM I come out at market or below. You can always go-up, refuse to sell or start bid wars with this strategy. Lowering prices sends a powerful message to buyers/agents not just to buy but counter, insist on repairs and ? If you are within range as you say, wait it out or lower a nice some and hold there.....
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Doug Dawes
Topsfield, MA
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Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Peter Mohylsky, Beach ...
Miramar Beach, FL
7,836,419
Tell the sellers what is needed.
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
4,883,017
If the property is way over priced I don't want the listing. If it is slightly over priced I would build the price reduction strategy into the listing agreement.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Michael Jacobs
Pasadena, CA
5,216,509
Price condition and location are the main factors. No improvement of condition means you need a price reduction. You can't change the location.
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Doug Dawes
Topsfield, MA
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Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
1,196,798
If we do not get inquiries, showings, 2nd showings or offers in 10 days the seller is already aware we will price adjust
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
469,510
Forget about "being in the ballpark for the neighborhood" - if buyers can choose a similar home for less - they will. The home needs to be the "best" value in the neighborhood - buyer's don't buy the second or third etc choice - they buy the best. Of course the other sellers love them for their assistance in helping them get their homes sold. So My strategy is to do large enough PR to be the "best" value in the neighborhood.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
2,182,552
We need to reach a new audience - and there’s Nothing Left to Prove at this Price Point ! The Market has voted based on their indifference !
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
1,390,113
45 days is too long. Sellers need to be shown properties in the same price range and see how theirs compares.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
5,772,575
Peter,
I agree with both Michael Jacobs and Barbara Todaro
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Doug Dawes
Topsfield, MA
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
1,239,901
Here in Mtn View, CA outside of FB, Linkedin, Googl, Amzn offices-ditto.
Last year, if you opened a garage door which is empty, is the house for sale? When is the last day to make an offer? All sold data means little. Market definitely has changed. Right now, Huawei is having its massive local layoffs. Garlic farm is hiring as 25% tariff has kept jobs in the US(for now). The day labour outside HD wants $35 an hour great comida benefits. Why? My friends can not get across the border anymore, senor.
The Trade War is in effect. We feel every bit of it as we are facing the Pacific.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
758,035
Get a reduction from the seller every 30 days.
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Bob "RealMan" Timm
Minot, ND
5,868,554
2,071,025
1,598,452
Yeah, right, we are talking abour reduction. What if the seller does not want to do it?!
4,936,716