Sellers...Price Your Real Estate Right!

Sellers need some help in the category of sales price. I am blogging on this topic because in the last two weeks I have had sellers try to "raise" their value without any hard evidence. Realtors take time and a hard look before pricing a home in a downturn market. We look at active listings, under contract listings, sold listing, all of which gives us a market value when then disect and reach a value we think can sell (I when I say sell that is exaclty what I mean. We are not "test" dummies for owners to see what the market will bare). This is my opinion and I cannot speak for the other 500 or so Realtors in my local association, but there is no way on earth in this economy an owner can be asking a price one day, and then raise the price the following week and expect us to sell their home. Buyers are too informed because of the web, viewing as many as 40 homes similar to mine, and the nightly news. I tell my clients every 30 to 45 days, if we don't have an offer and I know I have marketed it well, price is the only variable needing change to get pin to paper. Sellers, as a disclosure and closing statement, don't loose thousands of dollars trying to stay at the top of market and then slowly adapt your price to the market. Have your Realtor find a "competitive" price and reach the buyers (who are out there) instead of seeing profits dissappear on a monthly basis. Till next time, visit www.DaveSpence.net and I will see you on your block!