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

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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
1,119,894
Li Read
Caring expertise...knowledge for you!
Sea to Sky Premier Properties (Salt Spring)

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

July 29, 2011 01:03 PM
Rainmaker
287,299
Susan Morrison
RE/MAX Executive Realty

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

July 29, 2011 01:08 PM
Ambassador
736,324
Jerry Newman
Texas REALTOR, San Antonio Military Relocation
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com

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

July 29, 2011 02:09 PM
Rainmaker
208,542
Andi Grant
First Time Home Buyers Los Angeles, Long Beach
310-508-4354 | FirstTimeHomeBuyerRealEstate.com

Charita - she definitely nailed it!

July 29, 2011 02:13 PM
Ambassador
754,062
Brenda Mullen
Your San Antonio TX Real Estate Agent!!
RE/MAX Access

Some terrific points for sure :)!

July 29, 2011 06:03 PM
Rainmaker
494,751
Lora "Leah" Stern 914-772-4528
Real Estate Salesperson
Coldwell Banker, 170 N Main Street, New City NY 10956

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

July 29, 2011 06:09 PM
Ambassador
683,273
Charita Cadenhead
Serving Jefferson and Shelby Counties (Alabama)
Keller Williams Realty

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.

July 29, 2011 07:21 PM
Rainer
210,374
Joe Kenny
Better Than Your Average Joe
Realty Executive Midwest

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.

July 29, 2011 07:44 PM
Rainer
263,980
Nina Rogoff
Your Hometown Realtor in Sharon MA
RE/MAX Executive Realty -

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

July 30, 2011 11:07 PM
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Charita Cadenhead

Serving Jefferson and Shelby Counties (Alabama)
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