Comments on: Old School Pricing Is Out and Price It Right Is In http://www.prucalvoices.com/2009/05/old-school-pricing-is-out-and-price-it-right-is-in/ Conversations in Real Estate Wed, 08 Feb 2012 15:43:51 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Jonathan Shaw http://www.prucalvoices.com/2009/05/old-school-pricing-is-out-and-price-it-right-is-in/comment-page-1/#comment-1094 Jonathan Shaw Tue, 02 Jun 2009 21:16:49 +0000 http://www.pruvoices.com/?p=1391#comment-1094 Hi Lee, For whatever it is worth, your blog is true about real estate today anywhere. We find here in Atlanta, that when you price a house "right" ( at current real market value0 that is sells in a reasonable time, sometimes with multiple offers. Nice job! Jonathan Hi Lee,
For whatever it is worth, your blog is true about real estate today anywhere. We find here in Atlanta, that when you price a house “right” ( at current real market value0 that is sells in a reasonable time, sometimes with multiple offers. Nice job!
Jonathan

]]> By: Adam Chinn http://www.prucalvoices.com/2009/05/old-school-pricing-is-out-and-price-it-right-is-in/comment-page-1/#comment-1088 Adam Chinn Tue, 02 Jun 2009 19:00:21 +0000 http://www.pruvoices.com/?p=1391#comment-1088 Great Post Lee, Your right on, buyers are definitely more educated than ever, especially with all the information online. It is key for both buyers and sellers to realize the big difference between market value and asking price. Everyone has access to the same information when it comes to comps, but it is interesting to me how far the range of offers can be. It does come down to understanding the market and ultimately how much a buyer is will to pay and a seller is willing to sell for. Julie, I wish you the best of luck with your pony... Great Post Lee,
Your right on, buyers are definitely more educated than ever, especially with all the information online. It is key for both buyers and sellers to realize the big difference between market value and asking price. Everyone has access to the same information when it comes to comps, but it is interesting to me how far the range of offers can be. It does come down to understanding the market and ultimately how much a buyer is will to pay and a seller is willing to sell for.

Julie,
I wish you the best of luck with your pony…

]]> By: Julie Cleland http://www.prucalvoices.com/2009/05/old-school-pricing-is-out-and-price-it-right-is-in/comment-page-1/#comment-1080 Julie Cleland Thu, 28 May 2009 23:03:15 +0000 http://www.pruvoices.com/?p=1391#comment-1080 Thanks for pointing out the BIG difference between market value & asking price. Market value is what a buyer is willing to pay. This will be based on the comparables of the area, NOT necessarliy what the seller thinks the place is worth. A seller can ask whatever they want, I'm still waiting for the pony I've been asking for every Christmas since I was 10. Hopefully, some of these sellers don't find themselves waiting as long. Thanks for pointing out the BIG difference between market value & asking price. Market value is what a buyer is willing to pay. This will be based on the comparables of the area, NOT necessarliy what the seller thinks the place is worth. A seller can ask whatever they want, I’m still waiting for the pony I’ve been asking for every Christmas since I was 10. Hopefully, some of these sellers don’t find themselves waiting as long.

]]> By: Michael Monozon http://www.prucalvoices.com/2009/05/old-school-pricing-is-out-and-price-it-right-is-in/comment-page-1/#comment-1079 Michael Monozon Wed, 27 May 2009 18:39:23 +0000 http://www.pruvoices.com/?p=1391#comment-1079 Hi Lee I think there are two very important messages in your post that we should all learn from, first don't live in the past, pricing should reflect today's values and today's marketing methods, when we get cute with pricing below market or higher than market for room to play, the buyer gets confused or worse yet put off by the whole process. The second message is an extension of the first, just present a clean home with proper disclosures at current market price and it will sell in an acceptable time frame at an fair price. Sounds so simple, not sure why sometimes we make it so difficult. Great post Lee thank you Hi Lee
I think there are two very important messages in your post that we should all learn from, first don’t live in the past, pricing should reflect today’s values and today’s marketing methods, when we get cute with pricing below market or higher than market for room to play, the buyer gets confused or worse yet put off by the whole process. The second message is an extension of the first, just present a clean home with proper disclosures at current market price and it will sell in an acceptable time frame at an fair price.
Sounds so simple, not sure why sometimes we make it so difficult. Great post Lee thank you

]]> By: Brian Boisson http://www.prucalvoices.com/2009/05/old-school-pricing-is-out-and-price-it-right-is-in/comment-page-1/#comment-1078 Brian Boisson Wed, 27 May 2009 14:54:03 +0000 http://www.pruvoices.com/?p=1391#comment-1078 Lee, I like how you labled the different sets of situations, and how true is all is! There is so much information at the consumer's fingertips now. Thanks, Brian Lee,

I like how you labled the different sets of situations, and how true is all is!

There is so much information at the consumer’s fingertips now.

Thanks,

Brian

]]> By: Larry Franzella http://www.prucalvoices.com/2009/05/old-school-pricing-is-out-and-price-it-right-is-in/comment-page-1/#comment-1076 Larry Franzella Wed, 27 May 2009 01:34:14 +0000 http://www.pruvoices.com/?p=1391#comment-1076 Lee, How true, we see it every day -- the home that is priced right sells and the seller who wants "to leave room to negotiate" ends up chasing the market. Larry Lee,

How true, we see it every day — the home that is priced right sells and the seller who wants “to leave room to negotiate” ends up chasing the market.

Larry

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