Ozaukee & Washington County Real Estate: If You Want To Get It Sold - Drop the Price!

Find out more about Ozaukee and Washington County real estate, including the cities of Grafton, Belgium, Cedarburg, West Bend, Jackson and Germantown.

If You Want To Get It Sold - Drop the Price!

Lora Stern's post below regarding pricing is one of the best I've seen in a long time. I don't know that it can be made any clearer than this.

If You Want To Get It Sold - Drop the Price!

Euros and HouseHas your home been languishing on the market, without any offers or even showings?  Well that's a clear indication that you just might be overpriced.  In this current market and economy price is still king and it's still the single most important determining factor in how quickly your home will sell.

How do you know if your home is overpriced?  Here are 10 sure indications.

  1. You priced your home based on other homes currently for sale, instead of homes that actually sold.
  2. Despite the fact that we're in a declining market and prices are going down, you believe your home is the exception to the rule and is worth more.
  3. You priced your home to include the value of how much you spent on improvements to it.
  4. You based the price of your home on an old appraisal - old being older than 3 months.
  5. You think your home is unique and priced it accordingly even though it the same size, age, condition and location as other comparables.
  6. You believe that your home needs a special buyer and that special buyer that just falls in love with your home will be willing to pay any price (no matter how ridiculously high) to get it.
  7. You've had many showings but no offers.
  8. Your home has been on the market now for over a year without selling.
  9. Your original realtor wouldn't list the house at your inflated price, so you listed with someone else who would.
  10. You are getting no showings.  OK, this should be #1.  No one perceives value in your home at this current price.

Time to get real.   The market has spoken.  The market has rejected your home at this price.  If  you want to get it sold,  DROP THE PRICE!

Flickr photo by Images_of_money

 

Lora "Leah" Stern - Your Rockland County, NY REALTOR of Choice - (914) 772-4528

Your Rockland County, NY Real Estate SpecialistLeah Stern Signature Photo

(914) 772-4528 CELL
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(862) 345-2463 FAX

If I can assist you in any way with your real estate needs in Suffern, NY Rockland County or the surrounding areas, please feel free to contact me by phone at (914) 772-4528, email me at Leah.Stern@cbmoves.com or visit my website .

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Peggy Wester
Phone: 262-370-1757
Email: pwester@realtyexecutives.com
Website: peggywester.com
Blog: peggysblog.com


Peggy Wester - Realty Executives Integrity

Comment balloon 4 commentsPeggy Wester • July 29 2011 05:21PM

Comments

We have lots of people watching our listings online and waiting for some of them to be in their "acceptable" range.

Posted by Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Robert Paul Properties Falmouth MA (http://www.CapeGroup.com & http://www.REindex.com) about 7 years ago

It's difficult when a entire neighborhood is not selling. The house is really pretty well priced but there have only been a couple of sales in the last 6 months. We can try for another reduction but the homeowner and I know it's worth the asking.

Posted by Jill Sackler, LI South Shore Real Estate - Broker Associate (Charles Rutenberg Realty Inc. 516-575-7500) about 7 years ago

Peggy, thanks for the reblog and the accolades.  Price is still king.

Posted by Lora "Leah" Stern 914-772-4528, Real Estate Salesperson (Coldwell Banker, 170 N Main Street, New City NY 10956) about 7 years ago

Heath -- Exactly. Buyers are well aware of what's out and what homes are going for.

Jill -- I agree it's difficult when an entire neighborhood isn't selling, but wouldn't that be an indication of price??

Lora -- Thank YOU! I am praying some of my sellers see this in my blog. Maybe coming from someone else will help???

Posted by Peggy Wester, Real Estate Agent Ozaukee & Washington County (Realty Executives Integrity) about 7 years ago

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