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Sunday, February 24, 2013

How is my listing price?

It was not so long ago I received an email contact from a seller who was listed with another agent in the Viera, Florida area.  She wanted to know what I thought about her listing price.

I usually never comment on the listing price - except to my client.

I looked at the listing and noticed it had been on the market for six months.  She indicated she was getting very little showing activity now although there were a few showings at first.

This situation had all the classic signs of an overpriced home.

The first sign a home is not priced right is you have very few showings in what I call the "golden period."  The first few weeks a home is listed will likely generate the most interest.  Eventually it is looked upon as if it has some serious problem.  Competent real estate agents and shrewd buyers are always watching for new listings.  They want to buy but they are particular.

Another sign is what I call my 30-10-1 rule.  If your home is listed for 30 days, has less than 10 showings and not one offer, then the price is an issue.  

So how is my listing price?   Discuss the listing price with your real estate agent.  Take a fresh look at the comparables.  What has sold while your home has been sitting?  

Considering selling your Viera, Suntree or Rockledge, home?  Call me for a free market analysis or email your request.




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