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

Reblogger Charita Cadenhead
Real Estate Agent with Keller Williams Realty

If I am not mistaken, I believe that this is what one would call Leah's post:

HITTING PAY DIRT!

Did she nail this or WHAT?

Original content by Lora "Leah" Stern 914-772-4528

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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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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Rainmaker
1,139,005
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Very well said, indeed...thanks for the reblog!

Jul 29, 2011 01:03 PM #1
Rainmaker
290,999
Susan Morrison
RE/MAX Executive Realty - Franklin, MA

Leah's post was right on the money.  that's how sales are made.

Jul 29, 2011 01:08 PM #2
Ambassador
781,116
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Charita. Sellers do need to get excited about dropping their prices to get that home SOLD.

Jul 29, 2011 02:09 PM #3
Rainmaker
210,131
Andi Grant
310-508-4354 | FirstTimeHomeBuyerRealEstate.com - Long Beach, CA
First Time Home Buyers Los Angeles, Long Beach

Charita - she definitely nailed it!

Jul 29, 2011 02:13 PM #4
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764,940
Brenda Mullen
RE/MAX Access - Schertz, TX
Your San Antonio TX Real Estate Agent!!

Some terrific points for sure :)!

Jul 29, 2011 06:03 PM #5
Rainmaker
495,586
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Charita, thanks for the reblog,  Now we just need to get the sellers to see the light!

Jul 29, 2011 06:09 PM #6
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686,724
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

You're welcome Li.

She did didn't she Susan?

Get excited or take it off of the market.  There isn't much we can do with an overpriced listing Jerry.

Andi she could not have done it any better if she had hit it with a hammer.

Exactly Brenda.  Hope all is well

You are welcome Leah.

Jul 29, 2011 07:21 PM #7
Rainer
210,774
Joe Kenny
Realty Executive Midwest - Darien, IL
Better Than Your Average Joe

Charita, I have a listing appointment tomorrow on a home that a lot of money put into it.  I think I will print this off and tell the sellers to read this while I'm taking my notes.  Thanks for reposting this.

Jul 29, 2011 07:44 PM #8
Rainmaker
276,239
Nina Rogoff
RE/MAX Executive Realty - - Sharon, MA
Your Hometown Realtor in Sharon MA

Great re-blog, Charita! Thanks for posting. I will leave a comment for Leah, too!

Jul 30, 2011 11:07 PM #9
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Charita Cadenhead

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