Overpricing Your Home Is A Great Way To Sell The Neighbor's House

By
Real Estate Broker Owner with Bayou Properties Realty
http://actvra.in/Flk

Doug Rogers Bayou Properties Realty

 For sale signs are like chicken pox, one normally makes more appear. Before long the peaceful street resembles the sound stage for House Hunters. With multiple options, how does a buyer make a selection?

 Within a subdivision of similar homes, price normally is king. After all, why would a buyer pay more for a home than they need to? Do you pay more for chicken "just because you can"?

 But our home has granite squares, thus the laws of human nature are null and void". Granite certainly looks nice, but frankly so does five thousand dollars in savings. I've seen buyers flock to Formica to save a few bucks. Be very wary of updating for profit these days.

 Since kindergarten we have been told to "wait our turn". Sadly this does not apply to selling a home. Properties do not sell in the order they were listed. Buyers pick the best bargain on the market AT THAT MOMENT.

 Got your home ten thousand above the neighborhood average? Odds are your home is being used to sell other homes in the subdivision. Those fruit baskets that have been appearing on your doorstep? Just a thank you from the neighbors, there home is under contract. At least you got some fresh fruit. Pass me a kiwi!

Doug Rogers Bayou Properties Realty

 

 

 

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Searching for a Top real estate agent in Alexandria Louisiana? Need help selling your Pineville, Louisiana home? Either way call Doug today!

Doug Rogers

Broker/Owner

Bayou Properties Realty

 

Bayou Properties Realty

130 Woodwind

Pineville, La, 71360

(318) 613-1994

 Equal opportunity housing. Doug Rogers is a licensed real estate broker in Louisiana

 

 

 

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Topic:
Real Estate Best Practices
Location:
Louisiana Rapides Parish Alexandria
Groups:
Louisiana Lagniappe
REALTOR LIFE
POSITIVE ATTITUDE for the Weary Soul
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Tags:
homes for sale in pineville
doug rogers bayou properties realty

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Ambassador
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Doug Rogers
Your Pineville Louisiana Agent
Bayou Properties Realty

Thanks Bill!

July 22, 2012 09:01 PM
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Bob Crane
Forestland Experts! 715-204-9663
Woodland Management Service

Great blog Doug, is this a new marketing tip, talk my neighbor (who has no desire to sell)  into sticking a huge price tag on his home to get mine to sell.

July 22, 2012 11:15 PM
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Doug Rogers
Your Pineville Louisiana Agent
Bayou Properties Realty

Bob---With friends like that why leave the neighborhood?

July 23, 2012 06:17 AM
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Marilyn Boudreaux
Lake Charles LA Century 21 Realtor
Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s

The for sales in my neighborhood will be around for awhile until the sellers get reasonable, we have one that is $100,000 overpriced that seller thought they would just add in the $60,000 pool, landscaping, pavers and outdoor fireplace to make their 2300 sq ft home more attractive

July 23, 2012 07:00 AM
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Mary Yonkers
Erie/PA Real Estate Instructor
Alan Kells 1-814-881-7548

Doug--Love your creative style. I could put ditto marks under each point you make.

If you have the overpriced property take the sellers on a little tour of their neighborhood.  Tell them they must put on their 'buyer hat.'  It usually helps them to see the 'light.'

July 23, 2012 12:32 PM
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Doug Rogers

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